Join our investing community

Trading RAU: sell $160 before the charge at $0.004

Discussion in 'Shares' started by wdongli, 6th Jun, 2011.

  1. wdongli

    wdongli Well-Known Member

    31st Mar, 2010
    RAU is red now since someone sold at $0.004 for $160 before the charge of brokerage and GST.

    Why did so? I guess it were about some similar reasons when I sold ERG. Completely failure and acceptation of the failure plus some tax deduction benefit.

    It is wrong somewhere in our mind if we keep to sell in this way. Perhaps someday I would do the same things again but I swear I really don't want.

    Why do we make it happens? Could we afford to let it happen every year? Market has zero tolerance for any mistake we make. So how to prevent the strategic and tactical type of mistakes?

    Get the margin of safety!