Agoracom Blog

Seafield Resources – Why You Never Fall In Love With A Drill Hole + 10 Rules To Trade Juniors By

Posted by AGORACOM at 11:43 AM on Friday, May 6th, 2011

My philosophy is to trade drill holes short-term … and great management teams long term.  Seafield went parabolic at the beginning of the year on one great press release.  The rest has been all pain.  To avoid this pain, remember these simple rules (in no particular order):

  1. Don’t fall in love with a stock
  2. Take most of your profits on parabolic moves
  3. Set rising stops to protect profits
  4. Set an absolute stop to minimize losses
  5. It isn’t personal, it’s all business
  6. Taking some profits makes future decisions more rational
  7. You can’t “get rich” off a position until you sell at least some of it
  8. You don’t know the top … but you know the bottom
  9. Eat a little, eat often
  10. Selling isn’t divorcing … you can play it again


    Comments are closed.