Hi CFP, I have been 'investing' for 36 years, more than enough time to learn what to do and not to do. I've tried to do just about everything you can do with markets of all types, including options and commodities. I've also been on various forums over many years, with the first back in '92 on a US commodities forum, where we got live data through the back door of a US broker (live commodithereies data was not cheap back then!!)
These days I stick to just shares on the ASX, and have made more than all the other years combined mostly on stocks that were totally unloved for various reasons that stopped most from investing in them.
In my experience waiting for everything to be 'good' before investing has been a recipe for disaster. By then all are aboard and those on early are starting to sell.
The "advice" we hear from FPs is usually the worst thing anyone could do to make money, but at the opposite end of the spectrum, newer players should never just put nearly everything into what they consider a "sure thing", as that is a recipe to the poorhouse.
There are people on these threads that are talking this stock up that have been investing for many years. There are others that think they know everything after making millions after 3-4 years investing, doing the same, and yet others that are just following because they are new, and want to 'follow' experience.
Realistically, those that know what they are doing will never risk more than 5% of their capital on a stock, and will get out no matter how low it goes if their reason for investing has been compromised (this could be a SL, or change in circumstance or whatever).
I lost what may have sounded big to some, (over $50K) because I was not diligent enough in ESR, and no matter what goes wrong with an investment, it is my fault how much I lose. I only lost a proportion of this years gains from other trades, so not something big for me. The same will go for EVERY stock I own. It is always my fault when I lose, NEVER anyone else's, including when lied to by directors, it is still my fault.
But if you never take risk you can never make big money on anything, but what you risk has to be proportional to what you have in the trading account (investment if you want to call it that).
There is nothing wrong in investing in this stock just like every stock. you might make money, you might lose money, but you need to have an uncle point, to say when you are wrong.
With ESR I broke one of my rules, with a reason, and of course paid the price of a big loss.
Sorry to ramble on, but there is no right or wrong time to invest in anything, including this stock, just risks we are prepared to take. Some will invest too much, others will invest too early or too late, we just wont know the correct thing to do until we see the result in hindsight.
We all have our opinions on different stocks, those bullish will be correct some of the time and those bearish will be correct some of the time.
But no-one EVER is correct all of the time, something newer younger players don't get until they have a big loss.
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