Hi allI read these posts with great interest and after a number...

Hi all

I read these posts with great interest and after a number of years dabbling in trading, with a reasonable hiatus, I have returned in 2014 to give it a serious crack.

A week ago there couldn't be any more positivity and optimism for where this company (and the share price) was heading. Today, its an overwhelming sense of negative sentiment.

When I look at it, what's changed? With the company itself, outside of the SPP dilution (albeit far greater than anticipated) nothing has changed.

Their strategy and program of work is as it was a week ago.

What has changed is market behaviour, sentiment and price action.

Far be it from me to try and impart wisdom on anyone else, but I have made a number of personal observations along the journey that have now shaped the strategy to which I'm currently refining.

For me, I have learnt plenty of hard, important (and financially uncomfortable - all relative to lifestyle) lessons, particularly during the GFC, that have made me quite a bit wiser- but still not yet wise - That may never happen when trading stocks!

The first thing that I grappled with for a while was the battle between investor and trader - What was I? What did I want to be? and I often got caught in the bi polar world of switching between both.

A perfect example of this is WHN - I stock I bought into a few years ago when it was Wind Hydrogen. I loved the story and was (HOPING) that one day it would all come to fruition. Now I'm sitting on a relatively small parcel of options that last traded at $0.001 - And yes, whilst there is still the possibility of them getting a farm in deal done, I have long written it off - If it does, its just a bonus.

The irony is now, I would never have bought them when I did and I certainly still wouldn't be holding them.


The "Investing" to me eventually felt too boring and safe and yes if you invest $50k or $100k in quality blue chips and emerging companies in 10, 15 or 20 years you will be well in front, it just didn't excite me, nor did the returns.

So, the decision was made from 2014 onwards I would be a Trader - Looking solely for opportunities for short term momentum and swing trades that will realise returns in the range of 20 - 50% on average aiming for a + 70% winning trade rate.

The other decision I made was to focus my trading in the US. Since getting the esignal platform, it has become abundantly clear that if you want to catch the fish, go to the biggest pond.

The ease in which you can trade now in US securities makes it almost silly not to. The US markets offer so many things the ASX cant.

And yes, whilst there is some currency risk, you can play that smart to mitigate the downside impacts.

For me it is:

*Monster liquidity and volatility (both up and down)
*Global exposure and interest
*Access to the most compelling sectors
*Breadth of opportunity on both the NASDAQ and NYSE
that is unsurpassed

Having just set up the account, I'm really looking forward to dipping my toe into this pond.

With a stock like RMX, its so many stories and emotions for people. Its clearly a highly risky, speculative gold explorer that was trading at $0.005 and you couldn't pay people to buy it.

As mentioned, I stopped out at $0.025 two days ago after buying in at $0.028 taking a small loss - Purely on technical entry and stop loss signals.

IMO, for those that believe the story, hang tight and fingers crossed they get to production and you do very well. If you don't, then trade it to profit or minimise your loss.

I certainly don't disagree with the sentiment around the Director selling prior to the SPP issue, that is highly questionable at best but presumably completely legal.

My rules (as a trader) are now very simple, and as I still refine my trading strategy, hopefully these ensure a successful future:

1. Always follow your strategy on Buy/Sell: Stops are critical
2. ANYTHING can happen in the stock market
3. You can never trust people, but always trust the price action
4.Overecome GREED & HOPE - Your strategy tells you when to sell - HOPE in the market is overrated and ineffective
5. Never forget rules 1 - 4!

Good luck to all that hold, I might even jump back in at some point if the price action looks right, but in the short term however I think it may range between $0.015 and $0.02 (in the absence of compelling news)

I know its a long post so thanks for reading the whole thing!

Cheers