Ann: Pilbara Exploration Update, page-312

Know the difference between investing and trading. The vast majority of people talk like they're investing in a stock but then react as a day trader, not being clear on their strategy causes them to react off emotion, mainly fear and greed, those two emotions usually make you buy at peaks and sell at dips.
I'm terrible at trading, because of emotive reactions, but do well off long term investing so thats always my strategy.
It felt great when Kai was on a good run and it sucks as it falls but I bought the stock because it has the potential to do very well over the next 5 years. Because I'm clear on my strategy with Kai, when dips happen I don't react to the fear and sell, I ask the question 'why?'. If nothing has changed with the fundamentals of the company, then maybe it's a buy opportunity.
I invest for passive income so it might seem strange to buy into a gold exploration company, but I see that Kai has the potential to develop a productive mine that creates a great dividend return based on the current share price, Ive just got to wait 5 years for it.
It had a very high probability of coming off the 9c highs, some sold to buy back in, I didn't because I suck as a trader. However, as I long term investor, I might buy more today and if it falls further for no reason, I'll definitely buy more.