I add the following and include it here as relevance to AMX and Gold stock selection, strategy and investment partication in a very volatile sector - Gold.
The following is from Louise Bedford (google her and see). I took this from the latest ASX Newsletter (ASX website).
1. Thou shall not trade without a trading plan Define your entry, exit and position sizing rules, or you will stumble around in the wilderness. Dogged implementation of your written plan is what it takes to succeed
5. Don’t quit too soon Most people quit trading after their first four or five losses. That is why this is a game for grown-ups with a high level of emotional maturity.
With the current ups and some downs in the markets, some traders are currently as happy as fat rats in a cheese factory. Others have already stumbled, head-butted a wall and given up.
I can say with 100 per cent certainty that in my first three years of trading, while I was trying to crack the code, I never realised where I would end up just a few more short years later. I shudder to think where I would be if I had given up and quit this exciting trading game. Give yourself time to learn.
Read the other "10 Commandments" by Louise, if you so desire - ASX Website.
AMX Price at posting:
48.0¢ Sentiment: LT Buy Disclosure: Held
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