Wednesday, August 5, 2015

Never lose money?

Many roads lead to Rome. I don't believe in "Never lose money".

I don't do much downside assessment, I don't aim for minimum losses. Losses to me is ok.

For me:

If the probable profit is much higher than probable loss, I buy. Else I don't buy.

If probable loss is higher than probable profit, I sell.


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Jun 25 Update

Sales Sketcher: Sold whole position at $62, as it has been agreed to be taken over at $63 by 3G Capital. My cost price was around $55-56; no...