Consistently earning 15-20% on each trade is impressive. I guess I've always been a bit of a gambler relying on the one winner to pay for the three or four losers. But because I know I'm a terrible stock picker I rely on holding onto my winners. I've also got better at selling my losers which isn't always easy but I will often sell a share just to take a break from it. Amazing how it changes your perspective when you no longer hold. You can always buy back again if you want, and sometimes I do, but a lot of times I don't.
However, if I was to say the one big lesson I've learnt in 25 years investing; HOLD ON TO YOUR WINNERS. Momentum is underestimated and such a powerful force in stock investing imo. Right now it feels like this share is building a nice upward momentum. In Jan/Feb we should get the surface assays and the aerial survey. Even if the assay results are a mixed bag it feels like the market 'wants' to focus on the good assays. I don't know if that makes sense but I'm sure we have all held shares in a company that consistently releases great updates but the market just doesn't want to know. Right now the gods are smiling on NFM. Everyone wants to find the next WA1 and rose tinted glasses are firmly in place.
My breakeven here is 1.4p (UK money); that's 2.8 cent so a bit to go yet. What really changed my opinion here was the news that Kevin Das (ARD Group) has built a 5% stake. What does he know? Early stage explorers are his bread and butter. Purchasing 80 million shares under the radar will not be guess work for him. Sure the experts get it wrong as well but if you do stick with NFM, it looks like you will be in good company.
NFM Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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