I know that feeling when you feel you have just nailed it. Well done.
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I know this week it has traded between 17 and 21.5c. So many rightly thought that why not sell at 20s and buy back. Its a perfect strategy, until its not.
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I have gone through similar temptations with many other plays that I do. Sometimes it works, sometimes not. The biggest problem is after you have sold and it does not come back for the perfect buy. After that, it's very difficult to buy back, and very easy to miss the next run. When it goes up, we think its temporary, and keep waiting.
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After a lot of trial and error, I now follow a strategy which I mentioned yesterday. I keep two thirds that I don't trade, if I still feel its going to go up. Rest one third I trade. Eg today I bought lot of oppies and heads, but played only with that one third which is in a different account. I also sold today heads and oppies, but within that trading account. As I mentioned, I like trading, hence keep some for that - keeps me busy, on my toes. Sometimes I also make gains. Today I made gains.
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I know many are now following the strategy of selling and buying back. It's a good one, till it works. I don't have the nerve anymore, or should I say, in the long run, it's very challenging - because one can reach a stage where buying back at higher price than one sells is not appealing - and very good chance to miss the next run.
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Personally, for me, I am very bullish on BAS. Of course there is lot of hope in it and also requires lot of luck. Well, sometimes things may not turn put as one wishes, for that we have to have nimble fingers and look for signs to get out. So I am always alert to that concept that it can happen. And if I feel that at any time, I will react accordingly, and also write here.
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But for now BAS is in box seat. I do a daily report on Uranium and lithium sector everyday. For those interested, you can check my posts. Also follow general markets. So at this stage, very difficult to get a better share to be in than BAS. I could be wrong, but I feel BAS can do very well, if things align. Honestly I feel we will be trading in 20s next week, but I have been wrong before, though my success rate is good.
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Just my ramblings on Friday evening. Hope you're successful in whatever you do. All the best.
