I sold my Lynas holding for a substantial loss this morning...
I guess it's all my own fault. Looking back, I managed this trade very badly... Damn!Ok, let me go through my mistake:
- First rule of investing : Does the company make any money?
- Second rule : Does the product susceptible for price fluctuation that they can't control? i.e boom and bust scenario?
- Does the company have any legal proceeding or issues in their operation?
- Did I apply stop loss properly?
- Was the company's sp affected by any hype in any way?
- Did I enter the trade, aware of those condition, but enter it anyway, because the price MIGHT come back up? (this trade was entered after a steep crash in SP)
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