I have learned over the years that listening to others is way better... I mean we have two ears and one tongue... It is a very good thing to have strong opinions particularly if one has done homework... It helps to stick to the plan and make the right moves but it does not mean we should stop listening to others or worst being disrespectful...
Re strong opinions: I mean picking up one sector right well before the run starts... and I think it will generate more gains than anything... The focus is "BEFORE THE RUN STARTS" not in between... Picking up a sector early means more returns % wise with less risk... Joining the sector in between need caution IMO... But to pick a sector before the starts is not everyone's cup of tea... I have been trading for years and I still end up chasing most of the trends... and I am not confident that it will change in near future but I still try very hard...
Even with ZINC where I am taking my positions in different stocks has its first run... Although most stocks made smaller gains vs other sectors... Zinc is still hot and trying to make new highs... which means the sector might do well in coming weeks/months... But even though I am extremely bullish on Zinc I am not buying stocks blindly... I am making sure that risk is low and reward is very high... For example 4CE has 770k ounces of gold along with their Zinc-copper-lead-silver project. The gold project is currently valued less than $4 per ounce... I am not aware of any other project at ASX which is in the proven belt with majors like NCM (Cadia-Ridgeway 60m OZ) and Rio (8moz) with JORC and drill ready High grade zones... If zinc actually gets a boom as I am expecting 4CE will make some serious gains for me I think... but still things can go wrong and then its trading with lower EV than some shells? No biggie I think...
The point is... although zinc stock piles are 12 years low, warehouse 5 years low, apparently no new mines coming to life in short term, majors being bullish about the metal, metals is among the top 5 used metals in the world and more of the same crap... It still does not mean that supply issues are as real as they have been published? I mean no one knows? I mean when any metal goes up, its always the supply issues and then suddenly wooffff.... those supply issues are gone in to the bin... So every sector is just another hot sector for me which forces me to research to find something undervalued in peer comparison to make a wage out of it... and while doing so I might end up finding a sector well before it actually re rates... may be SOME DAY!!!
As always invest wisely and keep this thread a happy place... a place where we can treat others the way we want to be treated ourselves.
but I still try very hard...
