Short Term Trading Weekend Lounge: 5 - 7th Jan, 30086948, page-41 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by TheGladiator ↑

I've probably never been more attacked on HC than the last 6 months on the VEC 4CE & WFE threads. Coincidently they have been my biggest ever wins ($ wise) that I have been able to hold onto and still holding.

VEC 6 bags
4CE nearly 6 bags
WFE nearly 5 bags

My new years resolution is to stop caring about the attacks and just spend my time more productively. Unfortunately the majority of stocks I buy into have holders who have lost 70% plus of their money due to holding from way higher so gotta look through the frustration and realise there is a real person behind that poster who has lost money that could be severely impacting them and their families.

Personally for my own Improvement in trading this year I will focus on not giving lots back to the market when it does turn. The first 6 months of last year I Probably gave away half of my portfolio. I just lost sight of some of the big valuations my stocks were sitting at prior to the market turning. Thankfully the last 6 months of the year got me everything back and much more and so every day I have been looking at my stocks now and asking myself questions like the below

1) is the Sector still hot
2) how is the market cap compared to peers. Are there better plays in the same sector that are cheaper than mine?
3) what are the cash levels and where will more money come from.
4) what big newsflow is still due that will keep momentum going

As an example I bought NAE at 1.5c and it went very quickly to 4c+. Coking coal was hot and NAE was smashing through any resistance. I got blind and never even realised coking coal started to dive and renewable energy became the flavour of the month. Next thing you know we are back to 2c and I hadn't sold a share or locked in any profit.

So moral of the story is focus on the reason why you have bought a stock even after you have bought in. Fundamentals change all the time and our analysis always has to be on guard.

We will always give some money back to the market when it turns but if we can limit how much we give back then we won't only survive, we can thrive.

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Great honest post mate. It was one of your posts that had me looking at VEC. Bought in after some research at 0.008/0.009.

Your tip has helped me make quite a significant amount of $ at VEC. Enough so that I sold some (am now free carried) and with the profits I decided to spoil two of my daughters and buy them a nintendo 2ds each. They both almost cried. So do not forget the good.

I shared that because there are some great posters here and we can all help/learn from one another.