Short Term trading Weekend Lounge:20-22 Apr, page-15

  1. 4,395 Posts.
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    My Cardinal rule number 1 Cut losses early
    Cardinal rule number 2 CUT   LOSSES EARLY.
    Either use stop/loss conditional order alerts whatever  have a figure you will sell at before you even buy.
    Reading on FGO thread  a poster claims to have lost $250,000  How do you recover from that.
    Sold SLR today at 50.5 cents as that was my stop and minimum profit.   So what if you sell and the share takes off, catch another one.
    EG   If FGO was 8 cents and you held to 4 cents , it is a drop of 50%  BUT it now has to rise 100% to get back.
    Could be a wet week end in Perth
 
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