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Agree, its never boring. Speculative's are OK if you dont forget...

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thirdgo

7,328 Posts.

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22/06/24

19:41

Post #: 74440957
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Originally posted by LoadedDog: ↑

One or two nics back I was an active trader, getting emotionally involved with HC darlings. I had more wins than losses but a broker, Sonray, actively traded client accounts and lost. By the time the liquidators picked over the bones there was little left of that account. Then I had had a leveraged account in 2007. I was smart enough to clear the account still in the black but not much. The final straw was Bolnisi Gold which did a reverse buy out to list in Canada. Another buyout later and a French help line operator who didn't want to talk English ,and those shares are lost in the paperwork.

I started buying Au/Ag outside the system many years ago an still have that but most of my cash buffer was from buying Coke/Pepsi at Colesworth and selling it through vending machines. I also had other coin in the slot stuff like juke boxes -20 c/play, 3 for 40c. I would walk into the club and slap a pile of coin on the bar. [50c for a pot of Mid] Drank enough beer to float a battleship. I could be a lot richer but Mrs H got ill not long after we retired so we have never had the chance to travel so I have enough. I do own an excavator on a gold lease on the Palmer R. You know the definition of a mine: A hole in the ground with a liar standing over it.

Well, it's never been boring.

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Agree, its never boring. Speculative's are OK if you dont forget that the directors are there to get your money for their venture.
I did lot's of technical analysis first before realising the most important factors company cash position and the real cost of the project are not built into them.

Now I got just two principals that I follow in speculative's. Do all homework to buy a stock but dont hold a stock 10% below buy price no matter what and Let the runners run and apply technical's to get out or trade.

Past few months so far so good, see how it goes. If Trump comes and introduce tariffs or an idiot's bomb by Putin,everything will go in a tailspin but.
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