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.


-
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Apr 25 Update

Sales Stella International:  Sold all  my position  at $15.20 after Trump's tariffs. Cost price is $ 17.40 It is stupid of me to bought ...

  • Do not blindly follow Winners' Common Traits
    Recently I've been reading the book "Hard Facts, Dangerous Half-Truths & Total Nonsense". The book has pointed out an very...
  • Market on Sale
    Falling prices. Posts on dread and losses on the forums. I losing money. However, I am feeling excited .. excited by the low prices. There i...
  • Jan 25 Update
    Purchases Barrick Gold: Bought small stake due to exercise of sold put options. Sold all subsequently, as it was a mistake to buy Barrick Go...