Lets talk about relevant things, good and not so good. All of us need to be aware of SWOT. Strengths, weaknesses, opportunities and threats. This is no easy walk in the park. I am absolutaly kicking myself when the SP rocketed through $2 that I didn't engage the logical part of my brain and take at least a little off the table. Instead, I thought 'this is validation of my very clever purchase much lower down. Well done me.' Only to experience the gut wrenching reality of a retracement that is testing many of us. @Fact Finders supportive justification in holding true has helped many of us,(especially me) and I thank you for that. We are all human and we stumble often, but we are blessed for having a community of like minded supporters. We all have our own individual torture points that we must work through.
This company is transformative both in innovation and benefit to shareholders. Back to my red wine.
It's always good taking some profit along the way but I have seldom managed to do it.
I know some smart investors that keep a core position and have a trade position in some of the companies they are buying.
So when the s/p spike they sell their trading position and buy back when/if it retract.
By doing that, they sometimes manage to have a totally free core position, pretty smart move, the investment is totally de-risked but they has to follow their stickers very carefully and be ready to strike.
But for me, I am trading Aus (BRN), EU & US its just not possible to follow my stickers if I want my sleep. When I wake up it's about 1100AM Aus market and when I go to bed its around 1100AM in the US market so simply not possible to follow the markets I am in and I want my sleep, LOL.
Okay BRN is what I consider a pretty safe investment (As much as an investment is "safe"), the technology is needed and with almost endless possibilities + the management team seems very competent, so I think its fine just buy as many shares you fell comfortable owning and leave them in a drawer for a minimum a few years, no need to follow the s/p that much because it doesn't matter short term.
The investment is not safe anymore if we ending up in a nuclear war, then you should had spend all your hard earned money on a doomsday shelter underground if you are willing to live that way for x amount of years, which I am not because that's not living but more like hell.
Forgot to add: I have two options:
I can sell 10% of my shares when the s/p reach 6.8 or I can sell 20% when it reach 3.4, in each senareo my remaining shares are for free and my initial capital spend can be used for whatever I need it for, food for thought.