Trading philosophy or gambling/nickyc
posted on
Aug 31, 2008 12:14PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
"This is a lottery stock, take a chance or 10000 chances, and see what happens, who cares about al or whoever he is. Buy or sell, i'm holding until zero or 30 dollars before i sell any,"
If the stock hits 0 you won't have anything to sell. You are a gambler not a trader/investor with the above mentioned approach to the market. This is fine if you are doing it for fun, like a visit to Vegas. Other than that, your approach is full of bravura or blind faith and is an irresponsible one for most investors to adopt. You would be considered less than wise by any professional or serious investor if you are in ernest about making profit.... and we know what is said about the unwise and his money. Smart investors let their gains run and keep their losses small. I appreciate your zeal and I'm not trying to be insulting but I think you can have your cake and eat it too. It shouldn't be all or nothing.