Tuesday, May 08, 2012

Taking Losses

A lesson learned… Back in March I sold my position in Jaguar Mining, Inc. (Ticker: JAG) at $4.95 generating a net loss of 18.55%. I just happened to take a peek at the price today and it’s down to $1.50 as the company has ended its strategic review without a deal. Cutting losses is one of the hardest skills to master in investing. You need to be able to cut your losses and move on in order to be a successful investor. It doesn’t feel good, but at least you're still in the game…


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