Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
tempting to dump my KEA stock @ nearly 40% loss and get more of CNR. Still can't complain @ 165% profit on CNR so far!!
Something investor Jim Slater said which has improved my trading immeasurably, and it sounds obvious, but so often people do not do it(!!!!)
"Cut your losses and run your profits. Never average down".
It's amazing how often people hold onto shares that are loss-making, unwilling to stomach the loss, and watch their capital slowly erode away. In my opinion and experience, 99% of the time, it is best just to cut your loss and invest it elsewhere.
Again with profits, I almost never topslice, as it's like cutting a foot off your race- winning horse. If you are onto a good thing, let the gains run until you either have to sell out, or the story changes.
That's my opinion anyway.
If CNR does blast through 10p, I MAY look at topslicing there, purely because my portfolio will become too heavy in one share, but multi-baggers like this are not exactly common. In most circumstances, the above applies IMO.
"Cut your losses and run your profits. Never average down".
It's amazing how often people hold onto shares that are loss-making, unwilling to stomach the loss, and watch their capital slowly erode away. In my opinion and experience, 99% of the time, it is best just to cut your loss and invest it elsewhere.
Again with profits, I almost never topslice, as it's like cutting a foot off your race- winning horse. If you are onto a good thing, let the gains run until you either have to sell out, or the story changes.
That's my opinion anyway.
If CNR does blast through 10p, I MAY look at topslicing there, purely because my portfolio will become too heavy in one share, but multi-baggers like this are not exactly common. In most circumstances, the above applies IMO.
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Sorry mate, CNR seemed like the more speculative one at the time (due to their cash situation and no initial drilling results) and GVC with its divi looked more promising.
Still GVC is doing OK, and is due to release some KPI's soon which might lift the SP.
7.05p means we are up about 75-80% for the week?
Soldato
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Nice day again for CNR so far , been as high as 22% up today 
Soldato
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CNR has been my reason for getting out of bed the last couple of weeks, nice to see it doesn't disappoint today either!
If this JORC news before the 31st is as good as some posters are predicting then this has got 15-20p written all over it.
8 Hours ahead of time here, so nice and easy for me to be up early enough to see the opening of the market
Soldato
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Went to the OP and nothing... is there any links I should read before getting involved in all this? Any starter guides, software, links, etc I should be aware of?
Thanks.
Thanks.
Soldato
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Indicative of the market dumping cash where it shouldn't be.
There's too much cash floating around at the moment - I would get out by the end of the year or possibly sooner.
Just remember the golden rule girls and boys. Only invest what you can afford to lose and write off
There's too much cash floating around at the moment - I would get out by the end of the year or possibly sooner.
Just remember the golden rule girls and boys. Only invest what you can afford to lose and write off
Indicative of the market dumping cash where it shouldn't be.
There's too much cash floating around at the moment - I would get out by the end of the year or possibly sooner.
Just remember the golden rule girls and boys. Only invest what you can afford to lose and write off
Ok but where is all this cash going to go? Interest rates are on the floor, bonds in the Euro area are in a bit of a state at the moment (or on low yields, depending on whether the country is on the verge of a bailout or not).
Resources are the only other facet at the moment and the price of oil, uranium, gold, silver are all flying. This inevitably gets fed back into stocks as it enhances company prospects.
Soldato
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EXACTLY - That's actually what I meant. The money is going into equities.
Some commodities are over priced but equities? - Phew
... Ha look at that the FTSE just lost 10 points whilst writing this greeting.
Damn you - I was going for a quick short at 5860
Soldato
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Put it this way ....
Bought some gold at 1388 this morning .... didn't want to at that price but had no option
Bought some gold at 1388 this morning .... didn't want to at that price but had no option