Ching, I made more than your 26,000 by holding HDR for less than...

Ching,

I made more than your 26,000 by holding HDR for less than 2 months.
Good for you. That 26k profit is only on my first purchase.

How can you describe yourself as a sharemarket trader
I am not a trader. I am an investor. In the long run investors win and traders lose. This is backed up by numerous academic studies.


when you hold a share for 5 years, a share which doesn't pay a dividend and has the possibility of crashing through a negative drilling result.
Did you ever check out my valuation spreadsheet? It comes down to odds. At this price you can make the most pessimistic assumptions and still come out ahead in the long term.

You could have re-invested that money several times for a modest profit and been way ahead.
The insiders have a big advantage over uninformed active traders. If you are not an insider its safer to buy and hold.

To really make a bundle on this share you might have to wait another 5 years befor it goes into production. Is this intelligent investing? I don't think so.
I've been rewarded with a 15 bagger over the last 5 years. I can wait another 5 for the next 5 bags.