Morning all. Seen a few posts were peeps have had big losses and imo they have not been following basic rules. And just add to Elite's comment.
Stocks incl TEM. One thing you have to consider if you're a trader is that you're gonna trade more than one stock in your lifetime. And - the only thing you can really base your strategies on is what happens 'most of the time'. If you are trying to find 'unknown' or 'unicorn' stocks you will have Buckley's chance. Altho no doubt there is always someone 'who wins the lottery'.
So recently we have had TEM, REC and CPO. All with similar anncmnts from beaten down coys. TEM theoretically had the best chart for a day-trading stock, but with no assays and only one hole etc it was still very speculative. To get to 14c with no more news and after 3 days out of bollies etc is really starting to stretch the rules. And on indefinite news.
I'm not bagging TEM in any way. I just don't care about FOMO. Risk v reward over 14c is getting too high imo. I hate I have missed out on extra cents and if it sees 20c I will be spewing. But if I took that risk on every stock I wouldn't be here posting today.
No advice here. Just some thoughts on trading strategies and quickly typed out so take it for what it is.
