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Advice and opinions on WHT
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Fri Sep 03 2010

Fri Sep 03 2010

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Advice and opinions on WHT


Tough call. You have a huge gain on it. If you are very confident that it will continue to go up, then hold. But one thing to do for sure if you hold is set a stop/loss for no less than 8& less than the current price. That way if the stock goes South, you get "stopped out" and retain most of your earnings. Personally, I feel like you have a monster gain and I myself would probably lock it in by selling. But to be honest, almost every time I have done that, the stock has gone up.


hahahh thanx on the advice i have added a 8% stop loss into it. thnx for the advice chahine


No problem. That way you get the best of both worlds. William O'Neil who is an investing genius calls the 8% stop loss "insurance". His philosophy is, average traders will probably only make money on 1 out of 3 trades. But if you limit your downside to 8%, you can never lose money because the winning trades will be for more. It is an investing best practice to at least have some sort of exit strategy, if only a mental stop loss.


HappyHarry i like that 8% stop loss WHT fell to around 5% drop couple of days but picked up again to reach ..... a groth of 75% to a new height of 3.27.... if the gold keeps on moving the same was last couple of weeks which i predict it will i should see some fairly good return on it... hopefully a triple digit :wink: but for sure the 8% releaves the burden of following the the movement of the stock on a consistent basis.... chahine

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