Short Term Trading Week Starting: 26 Sept, page-441

Nambo yes thats right, I do tend to sell a bit early in some cases because of the position size, in BRN's case, I wiped in 400,000 shares and have been holding them since my position was opened. If you may recall, when I did the SRF trade together with Sector Lead before, I also sold a bit early @ 0.160/0.165 but again no regret that was due to a large position size of 650,000 shares sum up from 0.11-0.12 buys. I have various trading rules but my number 1 rule is protecting my capital, then protecting the profits.

Therefore when my position is small/medium, 'let the profit run' kicks in. when position is large, 'protecting/locking profits' come in as a priority.

Meanwhile in each trade I also input my FA thoughts to support the entry/exit plan, for example, in BRN's case it is a significant news, but the dollar amount was not told and specified, its all a hype. Given the FA, I am happy with a 60% re-rate, more details are needed to support further gain. more than 60% rising would take the stock into high risk zone, big boys average costs are too low, its somewhere around 0.115-0.120 by my calulation, they can dump anytime.

Also I tend to be a very strong hand if I seriously believe a stock is significantly undervalued or near term catalysts are on the calendar.

For examples, BRK, IAM KSN PLP and a few more. I am holding very tight and I buy whatever needs to be bought when my stock needs me.