some advice please

[gleamin]

I bought 5 SBK SSF's at R105, and bleeding badly. What should my next move be? Cut my losses or stick out the bumps?

[surfer]

If simon had to answer this question he would say what Ia m going to say,What was your strategy when you bought in???Cause that will help you now .Only you can answer your own question

[gleamin]

Expected SBK to stabilise at around 11700 as a result of the ICBC deal. Still expecting some recovery when the 11% get paid out at 13600. However given the current conditions I am not so sure anymore. Asking the question if my strategy was flawed..........

[#4]

Not as important where you thought the share will go, of greater importance is what your exit strategy will be before you do any trade. It's easy to make money up, but much harder to stick to your stop loss and protect capital. You cannot trade without capital, rule 1... stop loss.

[#5]

Some advice,when trading ssfs,have a stop loss in place in case you are wrong.In this case you would probably have been stopped out earlier and wouldnt be in this dilemma.Never hope something is going to happen,stick to the cold hard facts...

[#6]

Ditto