RSG 4.17% $1.63 resolute mining limited

I guess that's what I'm thinking too Benny. I bought in on 6 Jul...

  1. 1,013 Posts.
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    I guess that's what I'm thinking too Benny.

    I bought in on 6 Jul and watched it go straight down to 1.26. down. When it went back to 1.44 in a bullish way on 27 Aug, I sat there and

    watched it and contemplated. I asked myself do I sell now and get my money back ? Big mistake not to. I didn't want to lose

    continued upside opportunity. What I didn't see was the massive downside opportunity to buy back more units at a

    lower price ($1) and to de-risk my capital at the same time. Instead it's been a world of short term pain. Would love to buy some

    more now but I am not going to risk more funds that I cannot afford to lose. I wasn't planning on a long term play but

    silly me my hand has been forced.

    What I've learn't from this ?

    In the short term, if the stock runs ahead of itself so that the sp is too good to be true, just sell no questions asked and let my capital take a breather until a correction has completed.Then try and buy myself into a better position holding more units. If the stock is not getting ahead of itself just hold. And there's a timing issue. The more time that passes one needs to consider the CGT advantages of holding for more than 12 months.

    Thanks for your kind feedback.

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