RE: Errors19 Sep 2020 01:01
Errors I've made a few;
1) was convinced that gold stocks would rocket with global fiat currency debasement so moved my entire SIPP into gold miners in Apr 2013 ... just before gold dropped and the miners were routed.
2) moved what was left into Lithium stocks REM and later BCN & PREM ... all got caned.
3) was convinced UKOG was a great idea and invested accordingly ... that went well.
4) eventually decided my stock picking was rubbish and I was a sucker for a good story so took all the PI recommendations I'd picked up from the various BBs I used and picked 2 at random and split what I had left between the 2.
Half went to ARCM and half to GGP where I bought in at 2.08 and said to myself I would top-slice 40% when it hit my target. Happily it 10-bagged so I took my top-slice yesterday with the rest being a free ride.
So Lessons learnt:
1) Don't believe everything good story a BOD tells you ... drills don't lie, but you do need a product that is economic
2) Timing may suck, but dumb luck & stubbornness can pay off
2) Taking a profit is never wrong and shame on anyone that tells you otherwise
3) treat everyone honestly, the honest ones will soon make themselves known
4) Don't take carp from anyone on a BB after all who are they to judge and what right do they have anyway?
ATB just glad I'm still invested here and 100% derisked!