RE: Cannacord increase SP prediction5 May 2023 14:25
The psychological element is fascinating. "Resolve" is absolutely the right word! Mine was nearly broken a couple of weeks ago because of the surge from .4 into the .8s. The day before the sp hi .92 I put in a limit sale for .885 which didn´t get triggered. That evening I cancelled it - and am happy I did.
Traders might be baffled... "But you could have bought them back at .75". Yes, I could.. but WOULD I have? It is one thing to hold your nerve whilst a single position makes up 30% of your portfolio, but another to willingly reinstate that situation. So, probably not!
I am neither lucky enough nor a good enough a researcher to have a portfolio of winners. I need to hang on to the winners I do have if I want to offset the losers AND come out on top overall.