RSD
Thanks for the reply and the honesty!! My question comes after 12 years mostly full-time trading and investing (after a 30 year career in science) and a number of experiences good and bad with junior explorers. I have done OK overall but my biggest mistake in that time was to hang on for a life-changing drilling event when in reality I already had a smaller but still life-changing profit in the stock (HDR). I lost ALL the profit (over $500k) made over several years with HDR when the second well drilled by Woodside offshore Mauritania was a duster. I can't tell you how many times I have wondered why $500k wasn't ENOUGH and wished I had taken it. What was life-changing after this experience was the realisation that taking profit and de-risking it (taking it out of the market) is THE only way to make a living long-term in this game.
I am risking a way smaller amount in this play as I can't afford to lose more and I wasn't able to get in early enough to achieve any free-carry. Lower risk lower reward but I sleep at night!
Cheers
H
- Forums
- ASX - By Stock
- TPT
- ASSAKA
ASSAKA, page-74
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TPT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online