Ann: Trading Halt, page-79

Set a risk management trading scenario and stick to it.

I always look to sell 30% after meeting my initial profit target and this reduces buyin amount and derisks the investment. Some may say im loosing out in any multi bagger event but i am derisking the other 70% per my tolerance level to keep my own sanity.

my last loss was PLS. Yes it dropped past my stoppie at 35c so i got out. 12mths latter they are now 2.20. Doh. Thats just what you have to set yourself.

currently i just reviewed challices latest find. 26klm of low grade Ni and others which they are called biggest ev minerals find since 2000 in the world!!!! Ni at 0.06 to 1.2 making 750kt of metal. Now weigh that up against Poseiden which has grades of up to 14% for 30kt. Yet POS languishes at 9c and challice is $10+. Which is a better investment? Still making up my mind. Lets hope DRE has a few klm of ev minerals at good grades and maybe we can get to $10 in forseeable future.