I've been trading shares from about mid 90's, and i admit i have made money but also lost money.
An article i read today sums up my life in share trading.
Quote!
"In 2003, i held 250000 Oil Search at 60c, and sold them at 70c, later they hit $9.83".
"In the tech boom, i bought some Davnet shares and sold then for 40c, they went to $6.00.
Those opportunities are rare and probably will never happen again.
Few years back i bought Padbury mining shares at 0.005 and in a few months they reached 0.05c. On a $5K outlay i was up to $50k. THEN Padbury fell apart and has been in suspension since.
What I'm trying to say is, although we're all hoping to make tonnes of money out of CAD, you need to be realistic and know when to take a profit. If CAD runs (as we are all hoping) you need to know when to exit.
maybe don't sell all, but take some profit and leave some there incase its another Oil Search moment.
SOME PROFIT IS ALWAYS BETTER THAN A BIG LOSS.
DYOR
CAD Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
