Great post but don't entirely agree with parts of it .
Getting in sleepers cheap is obviously ideal , but a lot of my trading wins comes from riding little parts of uptrend waves .
Getting in PIO at 3.5c and selling at 4c is still a good win in my books , it is a 14% win and would take you over 4 years to achieve such a return in the bank.
The problem isn't knowing when to buy , that part is easy and usually if you buy a runner at any time , you will be in the green at some point . it's actually a great skill to be able to swallow the fact that you didn't get in cheap and still follow a strong uptrend. The problem actually lies when you think that the uptrend is infinite and aren't able to take some off the table .
Classic example lately is IOT , buying at 9c after it 4-5 bagged you still could have had a bag in it at 18c .
In short , if something is flying or has flown it doesn't mean you shouldn't get in , just have a sensible sell target and adhere to it.
Green is green and even a pip or two is a win .
PIO Price at posting:
3.7¢ Sentiment: None Disclosure: Not Held
