Mate. Ive been trading for a fair while. But I have investment properties. I have precious metals. I have 3 businesses and family. Trading is not my only income or my only pass time. But to me i'm not actually here to make a daily income. I want to actually trade up a portfolio, a large diverse one. To do that over time I have bought and sold, but I now always hold some percentage of every company. Unless I think its going in the toilet. Basically mate I'm setting up for the rest of my life.
Some time back I started with $8000, and had $35,000 worth of shares in various companies 2 months later. I continue to grow it still. Thats why i'm here. Unlike others I'm not trying to earn my monthly rent or make a million in a week and retire. I am also only a very little fish compared to most here. So far this quarter (so 7 weeks in) I have only traded about a million $ in stock. As in bought and sold. So I don't know what most of these other guys are trading but looking at convo's a lot more I'm thinking.
I'm intending to retire next year or the year after anyway. Not just because of this but my other work, art and investments too. I won't be 35 yet by then.
I've never posted on HC, because I never went looking for it before. I never knew it existed. I can also guarantee you, there are a LOT of traders that are not on HC.
I think Gassin just likes getting a rise out of people. I'm not going to say any more on that.
But I have been here a while longer than that. As I was brought into HC by a mate who uses it occasionally for info when I got into LSR a while back being a gold bug. But for some reason my interactions there are not showing in my profile. don't know why.
The reason I post here is basically I noticed straight away a LOT of people are just beginning. And they are doing things like buying options without ANY idea what they are!
I'm the first to say if I think something is shaky. I missed VPC the other day and the second day said as much, and that I was sticking clear as it was too high to buy in. At that time I was chastised by the many and told about massive profits. But its only sparingly gone back over that price it was at when I said that and most of the time has been significantly lower. Another example I was a heavy AUZ supporter then the story started to look shaky. Not the charts the background. The mojo. So I bailed. Completely. The stock halved in a week. I won't be back as the story is still a bit holey....
And I like to look thoroughly at a companys story before I buy in as I might be stuck there a while and in the end as mentioned I like to at least hold a small parcel of each stock indefinitely if I can. Hopefully freehold. But that means I often miss on the FLASH day trade stocks doubling in a day. But I also don't buy in at the high either. I love charts, and use them feverishly, but the fundamentals always win out in the end. Look at the energy companies. You can use charts there, but on the most part, oil price up, stock up, oil price down??? Fundamental. Simple. Qantas gets cheap fuel, = more profit = higher price shares. Fundamental.
I guess to me. I'm not trying to ramp up or down. And basically, usually people who say that are just the opposite side of your position anyway. I'm just voicing my opinion, alone with everyone else. But I will say that the RYG thread turned to nasty nonsense when the price first dipped after it hit 3.1 I was thoroughly attacked as were many others. Called on down ramping. Even though, for the most part we were not trying to get people to buy, just to convince them that selling was not likely in their best interest.
It hovered around 2.5 for 4 days. Then increased 70%. If you cant hold for 4 days. That's fine. But just stick to day trading and sell once you get to 3% increase. 3% increase consistently, compounded, every day, is a truckload better than what a bank will give you in a term deposit. Its a very good living if you can do it consistently. But you must train, and live by the chart for that. I believe that fundamentals always win on a chart battle, because a chart is on trends, and history. And every once in a while a company will do something that out of the ordinary, if you don't know their story, you will be left penniless and cold. The charts did nothing when Volvo got caught out recently. Gerry Harvey didn't spend a fortune on cows recently because hes going to stock coffee machines. Its a fundamental call again. All of a sudden stories of Cattle being the new iron ore lol.
So... What from here...
Ok. You should not believe a word I say. Nor Gassin. Or Freehold, or Shel or Mitt or Dr or anyone else. Despite some of these people being consistently on the money. (Free and Mitts chart work is outstanding, but they are not always right, however have a look in the STT thread at Free's calls for reference there, its a pretty good track record) Its been often said when the taxi driver and the milkman are all offering you stock tips, there are too many fools in the market and its time to get out.
But I try and be clear, that these are my observations, nothing more. Most of the other good ones here are doing the same. Trying to help people. But again they are just opinions. For me though I have just been trying to get people to see things they maybe have missed and not to get them buying or selling, but to get them doing their own research. Looking into things themselves. Asking the right questions. If you then buy then thats your decision, but now its a well informed one.
I have also, not being in HC long, ever seen so many people getting into trading for the first time. I mean, I have friends and family some times come and ask advice. But here there are 100's maybe more, all at once. Asking the same questions without even reading previous posts. A lot of people here try to help but it can be frustrating when people don't even try. I mean... Its your money right?
I guess to close, check out the history of RYG. Xped started by guys that have invented, and commercialized tech before. This time they started xped with a kickstarter! Now the have the ex- president of SEA and Pacific Qualcomm as CEO?!!! I mean that is just mental. Also realize in a month many people here are already holding 8 bags. I myself free hold heads and have a large pile of cheap oppies. Thats from good fundamental company that is obviously going places IMO.
There you go. Thats the start. No go look for yourself. Check the charts. Read the posts. There are thousands. Look into Chris and John. Look into ADRC. Qualcom. STMicro. Look into the previous companies of the management of XPED. Go, Fly, research!
Then make your own decision. But i've said previously. If your unsure even then but want to be involved then just drop a little in while you keep researching. Even if its only $1000. The first time I said something positive about RYG here I think it was 1.8c. Thats 2.8 bags so far. I can not fathom how the due diligence next week could not lift the price up from here too.... Thats not to say it can't go down. I just cant think of how or why that would be. No matter what anyone here says though. Its all always a gamble. Your just playing your odds by being informed.
As always its just a long winded, overly complicated, opinion. Time to go form your own now
