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Well that's the learning for me this year as a fairly newbie to investing.... higher risk and higher volatility stocks call for more active management...... take some profit..... compared to my 'just keep piling on it'... convinced myself ECR was about to fly..... and still convinced it will come good..... but now averaging down means waiting for the next pay check!..... all good fun just thanking my lucky stars that 2020 was a good year to start as 2021 has been another story!
I don’t have a rule. I also don’t micro manage wins or losses as I hold at anytime between 18-25 stocks but I do manage the bottom line vigorously. So if some are performing well I can take more risk with others or profit take. I move in and out of FTSE and AIM as I see fit.
Re a trading percentage with ECR. Most out has been 60%. That was lucky as I sold into one of the assay results on an 08:00 RNS spike over a couple trades. The market then retraced and I bought back.
I do try and keep a min 50% in and ideally only trade 10-30% depending on news and liquidity.
I often sell into news with stocks that I think are more vulnerable to traders and when the news is not ‘transformational’. I.e. news that will result in several legs up so I sell, sit and wait. That can be the most difficult. Hence keeping a stake in helps psychologically.
Shares often hit a false bull rise and risers always seem to have a bull trap along the way.
It’s impossible to time this. But I try and follow a simple method. Take a little off into a rise and then add back in lower or if slicing buy back to get your average down. If it doesn’t come about sit out. You have enough invested. A few months later things can look very different!
If you pick a goodun like TXP/ARB/SAVE/SNG/ORPH/GGP/DCTA etc you can just ride the clear blue sky, sell or slice when you want or just hold. You can even try some trading! Some of those & others I completely sold now. Just because I didn’t think the same upside existed as when I bought them but they are still good investments.
If you have a faller like ECR/PUR/CHF/CCZ you can trade down and stay in or trade out. You may then stay out and think; like HEMO or even PUR that this is now silly cheap and oversold and buy back in then sell the bounce. Very risky though. You have to clearly define cheap according to the market view and not necessarily your view.
Anyways. When folk ask that question ‘what percentage’ I am sorry I just can’t say 20%. It’s not that easy.
I have done very well with my investments this year, not as good as last year % wise which was ridiculous but I have still been able to give a lot away. That’s my target after self preservation. So not so sanctimonious!
Ps. I love your handle.
And the issue I have with ECR is that I’ve been expecting good news since the summer so have not dared trade… but instead have watched it retreat back all the way.
The issue I have is I can’t help but put all my cash into the market as I see what I think are opportunities…. Trek out of interest how much % do you tend to keep on the sidelines to do the trading
They always do the leach assays followed by fire assays Tamer , I don't think they are delaying the core results as it is well known all of the delays at assay offices . Be nice if they are waiting to report them in batches rather than as they arrive though... there is a backlog of the Bailieston ones too " Gold assay are pending for these drillholes (BH3DD010 and BH3DD011) and whilst the XRF results can not be relied upon, we are anticipating good results."
.....Adam Jones in the last interview with Alan Green (please read the following with a Ozzy accent) "there's going to be a sweet of samples flowing out from now on until Christmas" "including some lagging ones after Christmas"....are the lagging ones CresWick?
"Imo they have high confidence in those assays so have moved on".........correct and the question is why have they delayed releasing the results ?
Hi Trek, with Creswick and the talk some time ago on JV's there was an interview where Craig was sort of reluctant to go back in on the drilling to prove the point and saying if they ain't interested in Bailieston we will do it on our own .
It does seem as if they are at that point and the soil sampling will show other areas of interest.
Don't forget the Creswick property hive of activity and their intention to run the new drill on there with the RC , chances are that they will find gold lower down on the historic workings there and of course it has been highlighted for the decline and start of mine with the 003 shoot not far away.
It will all unravel given time (in a positive way hopefully) and those opportunities to earn/bring in cash in the short term (Craigs interview) may soon become apparent.
My point is the question that ‘we’ should be asking is why have they moved the drill from Creswick. Like I said, firstly we don’t know. But I think the pathfinders have given a solid indication of job done. They cannot possible mistake pyrite (fools gold) for any nuggets so any visible gold (nuggety) should be a clear indication. Imo they have high confidence in those assays so have moved on. That is my speculation.
There are many ways of playing it and you can get caught on the wrong side of the trade. I always keep a position in a stock I like. So buying and selling a percentage means I can catch any downside but still have exposure to any upside. Sometimes I may even buy and sell same day if it looks I timed it wrong. I only pay £3.99 a trade and watch the spreads.
As I have posted before I have had a very good handle on the corporate structure here since investing, Knowing when warrants/options mature can, not always, but can help.
Re PUR I managed to turn what could have been around a £15k loss into a £3k loss. Trust me that feels like a win after getting that one all wrong!!
PUR is now looking oversold on technicals and just one more punt there could yield evens. But I have been there before and have concerns re the December conversions and in any event I am now pretty much fully invested with only a small amount of cover until I close some positions next week. So if it bounces now one has to accept you can’t do them all!
Appreciate BTC’s ‘all in or all out’ approach or those that buy, hold and hug for gold. I do a bit of both. TXP I have just bought and held. SNG has been the share that just keeps giving. Nice when you get one of those!
Here I think the company has been just unlucky. Very unlucky and it’s consequently been a case of damage limitation for many investors. But I wouldn’t ever want to be all out. Bad luck comes to an end if you keep doing the right things.
Those different investment views, a collective of imperfections, are what feeds in to make the market what it is.
Point taken I won’t bother posting the trades anymore. Even though I like to be challenged. Like you allude to there is clearly a hug and hold majority view here which is also fine.
Good luck with your investments.
I suppose that is a fairish comment gabrial and trek does seem to be calling it up and down like a yo yo (psychology play!), best say nothing on your 'trades ' Trek , not really reading the room. Must admit I did remember you buying around 1.40 so I did check which is unusual for me on other posters.
"RE: Lack of communication is a disgrace19 Nov 2021 10:36
You are spot in legal pointing out that the difference between the paid employees and Neds.
Anyways I grabbed a few at 1.4125. Sold PUR, ouch! Following the money here and will buy more if it drops.
This is seriously in hostile bid territory now. Drills and postcode. There’d be a few there sniffing our assets even a drilling contractor that could sell the rest on.
Let’s hope it doesn’t come to that but my point is the bounce off 1.3 suggests an asset basement.
I am now at 1.49! Not bad from well over 3p!
My reason for posting the Creswick thread is to remind those hurting that there is light at the end of the tunnel and although there is risk there is upside potential that has already been identified in the shoots and Creswick property and they are currently drilling at Bailieston and in some ways seem on the cusp of identifying a resource.. a few more of the shoots and they will be there.
Bailieston .... meant to link it in , Mercator description of the area
The Bailieston project is targeting epizonal or epithermal gold mineralisation of the Melbourne Zone, which hosts successful modern gold mines including the world-class Fosterville gold mine owned by Kirkland Lake Gold.
The Bailieston project is at the epicentre of the current gold exploration boom in Victoria, being located close to the highly successful Fosterville mine owned by Kirkland Lake Gold. This point is underlined by the arrival of Newmont Exploration in the district with an application for ground immediately to the north of the Black Cat prospect.
Bailieston is located approximately 150km north of the Victorian state capital Melbourne, with good road access. The project is located geologically within the major orogenic Lachlan Fold Belt (LFB). The LFB is subdivided into zones, based on distinct geological and metallurgical characteristics, with the Bailieston project lying to the east, within the Melbourne Zone.
The project area consists of Siluro-Devonian sediments intruded by Devonian granite stocks. Mineralisation is hosted by vein or stockwork structures, typically within anticlinal trap structures within the sediments.
The Bailieston area has a modest historical production history from alluvial and vein quartz mines.
https://www.youtube.com/watch?v=zmnzBC3Szrw One that is linked in the presentation and solely based on the area that ECR is in (not about ECR ) i.e. orogenic gold , Lachlan fold , importance of finding other minerals within the area, not a long listen but it is interesting and if you have listened to Craig and Adam on previous interviews you will recognise quite a few things.
Nice Saturday morning post…. Made me chuckle
Wishing I had another 20K to pop in here at 1.25p
Some people are going to make a ton of money in 2022
Morning Trek..Lucky and Mental.... The SP .....
Well just after last Xmas bought my first trance@ 4.4p....1m shares...sold @ £10k loss made my money back elsewhere...
In and out trading in the 3's then came back with vengeance just after the raise.... 2.28 p the most expensive ..then accumulated 1.6..1.7 and 1.8...s
I am not really a trader more I am in or I am out ...
I know you are very good @ Trading Trek and sometimes I have thought putting a trading pot to one side for the spikes and dips and in Hindsight that would have been a great Idea...
The point for me in a few holdings...they are so cheap now so would only buy more if the funds allowed... Like here .
Trading a buoyant market is much easier than a death spiral...finding the right entry is all gut.....feel.
So the big question where we...ECR and I... Well I am £50k wrong with my average... and ECR....
A Rudderless ship waiting for repair....and a Captain.....
But I reckon its a cracking ship that can take us anywhere we desire......
Just the waiting....2022 will be a good year...my money is long here and will holding for 3p plus at least....
Not quite sure what you are getting at with it Trek , are you speculating ?
Link to the Adam interview on it in July https://twitter.com/ecrminerals/status/1418505448387489792 ~Latest #Creswick #drilling results & DMS 'shoots' "potentially $20m sitting in these little blocks"
~New multi purpose RC & diamond rig
~Ballarat #gold mine similarities
In it when he discusses a 'shoot' he says some of them historically are 100m x 100m hence the 5 mill , 10 mill, 20 mill comments.
For those that don't quite get it Imagine a shoot as a chimney so what seems like a very small 'width' can translate to many tons with gold in . As others have mentioned (as well as Craig in the past) they are drilling diagonally through the chimney and getting those high grades that will probably be consistent in the chimney top to bottom as with Ballarat which is the type of mine that focusses on the shoots and does very well .
WHITE PAPER on the VICTORIA GOLDFIELDS: Two Paradigms (so far)
“the brownfields can contain blind worldclass deposits” Ross Cayley, GSV https://www.rrrplc.com/wp-content/uploads/2020/06/RRA_White_Paper_Victoria_Goldfields_20200609.pdf Please read this there is a lot of easy to read information in it and if you are putting your hard earned in you should really understand why it is exciting.
Why the mentions of Ballarat , Bendigo and Fosterville , Well, the Dimmocks main shale is right in the middle of it all (Creswick) ... and ECR are working hard on it, have a property on it and it is just a matter of time .