WTM 5.36% 29.5¢ waratah minerals limited

Sell MTA buy MTAO, page-40

  1. 1,088 Posts.
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    No problems Prez - just be extra careful with the "no brainer" lines you read around the place! That stuff is just a trap in my opinion. Research, research and research oh ... and a trading plan will work for you.

    Rule 1: You will not go broke taking profits.
    Rule 2: Kill your losing stocks quickly do not watch your capital evaporate before your eyes while hoping something will change. 10-1 it will not.
    Rule 3: Never lose capital
    Rule 4: Never forget rule 3

    Rules 3 and 4 are attributed to Warren Buffet (I think)!

    E..g if you made 10, 15 or 25% on a stock in a week - would you sell?
    Depends on what goals you have, I suppose.

    Me - I am very happy with +10, 15 or 25% in week. I think people forget the bigger picture sometimes.

    Think about the odd gain of 10, 15 or 20% in a week / month when it is annualised! Nice!

    Just my opinions nothing else.
 
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