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Lessons from RAP, page-2

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vwboy

5,579 Posts.

359

12/08/17

15:52

Post #: 26458929
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Originally posted by Lucky Wallet ↑

There are so many lessons learned on my ASX journy. I was a long term RAP holder. Picked up my first parcel at 7.5 cents next one at 15 cents and other one at 25 cents. Sold all my holdings at 45 cents. I was emotionally attached to this stock and I believed that they are going to get FDA. I picked up a decent parcel at 29 and 30 cents recently lost the money on that. I lost the money i made from RAP, may be little more than that. There are so many lost the money here, their hard earned. I dont think there is any point in wasting our time here discussing about the dead horse. Experienced traders made money. Inexperienced investors loose.

I will never get emotionally attached to any stock.
I will never dream about a stock's future
Trade in the hype and make more money.
Get out before it reaches a point where the company has to get major approvals, licenses to go ahead. Dont bet your money for that.
Dont get to a stock based on imaginary revenue numbers.
Dont care where the company will be in couple of years down the line.
Enter a small cap in its early stage so that you get opportunity to make money on hype. Examples - THD, SAS etc
Dont go back to a stock after you have made enough out of it. Dont watch it again once you exited. Look for new ones. I wish if I had stopped watching RAP after selling at 45 cents.
Dont ever invest in small cap, only trade in hype, it can give you more money than you keep the shares for long.

Think about money value of time we spent in hotcopper. I was here everyday for the last one year reading the dreaming posts about RAP. Scared to think how many days of my life is lost here. How much of your brain was occupied by RAP everyday. When you learn a lesson by loosing money, you never forget it. I will never forget this.

Dreaming about small cap stock is not different from dreaming after buying jackpot lotto.

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Mate good to see you have been lucky. Me too on companies that are no longer around, just picked the right entry and exit points.

Its not a good idea to give investment advice on what has happened to you because we all have different experiences.
I bought CSL at $28 and got out a couple of months later because it wasn't moving quick enough.

RAP has a chance still but it is not known what the outcome will be and is valued at what the market seems fit. Still good value I think.

RAP Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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