As an investor, I would hold (free carry only). But, as a novice...

As an investor, I would hold (free carry only). But, as a novice day trader, I would be monitoring for signs of weakness to signal when to take profit and add to free carry. Prices don't rise in a straight line. So profiting on the way up, and getting out, to buy back in lower, to potentially build free carry, in a stock like Lynas for me is the way to go. That way you protect capital and hence are less susceptible to the brutal price fluctuations that make up this stock, and you are less likely to sell into a weak hand. But, that's the beauty of trading, its not a one fits all - its what works best for you that matters.