what is your trading story?, page-44

Oscaron one - I could do with a trade like this:
"I had but a thousand dollars and got in about an hour before the trading halt emerged after the weekend with about 4500K and I was addicted."

$1000 --> 4,500,000 v 4,500 (4500K v 4.5K) where the K represents a 1000.

Love it :) though I guess its a typo...


My trading story started a long time ago when felt it was time to invest. Started off by investing some money in BEN or Bendigo bank, as they had the best dividend to share price ratio and were a pretty safe starting share. My father got me interested into mining shares. Got my first ten-bagger with some Tasmanian Zinc company that was taken over, and learnt at that time, as my father told me sell up my bank shares and put them all into the mining company.

Since I started prior to the GFC almost every stock was a winner, I got in early to BOL, love cranes and though they were going to but a monster blue chip company, and they were till the market didn't like their debt. At that point I started to learn I "could sell" my long term shares, considering where BOL sits now.

Most of my trading has been trail and error, I hold 1 stock long term, FNT which I've had since 8c down to 2.5 all the way up to 42c back down to 8.9 and no about 13c. Yes I still hold it, simply because I think they will be huge in the near future. In hindsight I could have quadrupled m holdings by trading, but then I didn't foresee the problems of Japan on the market. But selling in the high 30's would have given me more money than I new what to do with :(

The last few years, I've started to use charts in or news snippets to pick short term stocks. Normally some initial drill news or I look at a chart of a sub 2c share, and if it hasn't moved in while I'll put a couple of grand on it and wait fro some unexpected spike and this is pretty successful, if you can hold the money there for awhile..say up to 6 months, but I pretty much get 100% gain each time.
The main thing is picking a company without too many shares so it can actual move up without 200 million shares suddenly pouring onto the market killing any run.

Biggest failure is in companies where the directors have no significant shareholders and simply draw a wage, a great example is ARO, which have a lease just north of SFR, but have done nothing with it in almost 2 years...burnt me ont hat one. The other was when I got greedy with a speccy by committing too much, who released their drill report which wasn't that bad, but on the worst day for the market in 2010. It wasn;t a huge drop, just the dollar lost per .01 of a cent really hurt.

Currently I only hold two companies for the next few months..FNT as stated and a new explorer called QRL, smart management but only 30m shares on issue, just waiting of the drilling results. And as I've learnt the less shares int he market the faster it moves.

As a few people have stated, even int eh worst market there are companies making money for their shareholders.

Love to do it full-time but with three kids the concentration isn't there for daytrading. Though if it was a bull market, it would be very easier.

Well good luck to everyone in 2012, may the market get it self sorted.