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I am a trader, not an investor. I would like to give an opinion as a trader. Please do your own due diligence.
First and foremost, this is my trade so I am not going to listen to advice to the other people advice. Some said hold and some said throw. But it is your own money, so you make the decision that you will not regret. Almost all the comments made in forum are commonly known as “noise”.
Secondly, if I have a position @ 1.70, I will cut loss as soon as possible. This allows me to retain almost 50% of my capital. I understand that this might be painful but at least it is a one time pain and I would take this as a lesson to stick to my stop loss. If you choose not to cut, I believe that you will be very devastating whenever you look at your portfolio. Low can get lower low, and high can get higher high. Look at classic example - glove sectors.
Thirdly, We should not challenge our ego since we do not know what is going on within the company. We can always re-enter when the whole sage is over
Lastly, even if you are an investor, you should have a stop loss plan. If a good company does not have many trading activities that allows you to make profit, it is equivalent to a bad company. Look at MrDIY, not worthy mid cap can grow at least 200%.
We invest/trade to grow our capital, not to do charity to the market.
@KGX You can choose to hold and not cut. That is called “HOPE”. Hope works for fairytale but not stock market. If it dropped to 40 cents, your mentality will change to “Since already drop until 40 cents, just hold and become “long term investor”.
KT-rational thinking, if RSS throw below 0.795, there will be always investors/fund manager to pick up at this price. Unless, there is business structural change.
You guys are just mad just because someone is not in the same line as you guys.
@KT Tee: I do not know.
@Tan Yoke: Just do what you think you want to do with your money. You do not need to ask anyone for their opinion. Averageing down will increase your risk. Instead of losing 500 bucks per pip? You are losing more than that. Do you think it is worth? Averaging down is another way to run away from your wrong analysis. Depend on individual whether they want to admit their fault or just run away from it.
i more thing u forgot...average down...its better than CL...not enough money?that y we need to invest just 60% - 70%..balance for average down or topup if spike...u can break even rather than huge loss...
@Safiddin Salleh: I think most of the people did not think that this counter would have plunged so much. Thus, I believe 99% of the people has “show hand” into this stock. That is why I did not recommend average down.
