I know it hurts BUTI know we all need a hug right now, I kept this stock since 2018, bought it way before it started to move, bought it at 1CAD (pre-consilidationd to 5CAD), it went up to 17 CAD I sold 50% in March 2020 right before correction (had a hunch for correction) then bought back at 9CAD, then consciously decided to have a rollecoster from 17 CAD to this price, as I thought the company will be worth more.
What's done is done, I didn't trade properly for the following reasons and for the same reasons I keep the stock and will be keeping until it reaches my target:
1. I bought the company because I knew it will be a growth story; I didn't buy it to make 100% - I bought to make 600% or more.
2. I didn't sell the whole position at 17-18CAD in August 2020 before gold started to retract because the stock didn't reach my hypothetical target - I believe this stock will be in 40s CAD;
3. I didn't sell it in August 2020 also because timing of the market and guessing macro conditions is incredibly tough - I believed at that time in gold but missed the general trend about reopening because I am smart to understand that the economy will be tough despite reopening, but I was too stupid not to undersdant that the financial market is irrational and it doesn't care in the nearest future about real economy, so I bet on gold for the next 12 motnhs in 2020 and was wrong;
3. I still keep the stock as I believe that this company will be growing, there is no way back for them, Los Filos issue is temporariy thing;
4. I also believe that the dollar is devaluing itself- the US doesn't need the strong dollar, even weak Russia's sovereign fund is refusing dollar- I see only Gold as an alternative to this process because we don't have any other value measures in this world. In addition, all banks, including my TD speak in theor morning reposrts about "financial reset" what the h.. is that- I know it doesn't sound fun for the US dollar but good for gold