Great post. You mention Minoil. What a hunter that guy is. With...

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specgoldbug

13,113 Posts.

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01/07/16

21:22

Post #: 18175142
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Originally posted by croc49 ↑

Quick note to end of financial year.
Been following HC for about 2.5 years and predictably shrank my kitty by 60% in 1.5 years.
Picked up lots of pointers from here thanks to a few regulars.
I'm probably a bit like Minoil and play around the minors, because 0.005 will more likely 10 bag rather than 0.05
Eventually found by having about 15-20 irons in the fire, you only need a couple to fire to get ahead.
Had a few multi baggers, but like Minoil, I take my profit far too early at times.
Main mistakes initially
- liking the company and hanging on as it spirals down.
- buying on the good news (not a day trader).
- setting stops too tight.
- setting stops on stock less than 0.05
- buying stocks on recommendation of others.
I've turned my fortunes around and am back in the black (which is a good return for the last 9 months).
Learning the TA/FA principles properly and it's all starting to add up.
And volume is everything.
Sorry I lack confidence to add my research because I think I'm still on trainer wheels.
Just want to show my appreciation to all contributors from a quiet onlooker.

Just to demonstrate my weakness, I did multi bag on LOM from 0.005 and sold.
I still hold a number of LOMOA which I'll dump by Xmas.
Averaging 0.145 now 0.29 and should have sold long ago and reinvested.
Have a bit of FOMO, because I'm sure they will hit the motherlode, unfortunately next year.
The ride has been weird and defies all TA analysis.
Apart from the first retrieved diamonds, it's always been fall on the news.

GLTA for the new year

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Great post.

You mention Minoil.

What a hunter that guy is. With his talent many of us could be rich. But I rely on notification from guys of his talent, to sell it to the likes of me for a premium, who with conviction, and that's the key word, will hold a bit longer and either stay long, sell a few to longs and stay long, sell and rebuy, etc etc....but with a conviction....you don't completely leave a small stock, right? Even at a large profit....interested for thoughts on this one...
3 Upvote

0 Great analysis

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