Silverwhere,it is not about perfect trades, it's about advocating to buy and hold a stock with a chart like this:
https://stockcharts.com/h-sc/ui?s=PGD.TO&p=D&yr=5&mn=0&dy=0&id=p59017430925&a=536735440 The right side is unfinished, we will see where it ends up (or down, Cudjo would say) mid August.
It has to close over 31c without dropping to or under 10c for the chart to indicate that it is smart to risk holding it when it pulls back, let alone adding to your position.
You have been telling me that I am wrong for over a year now. Show me. Show me now, don't tell me that we will see in a year or two. If you are right about 1$, then what's wrong with me telling people that it is safer to wait for evidence? How is a 3-bagger with some certainty so much worse than a possible 5-bagger with a good chance of 50% or more drawdown?
You posted a nice list of why traders and investors lose money. If you look through it you will realize that every single one of those issues can be eliminated by having a set of rules about trades you take, how long you hold them and solid risk management.
Buying and holding PGD is a gamble right now because there is absolutely no evidence of an uptrend. There is nothing wrong in taking a gamble occasionally, but that has to be the exception, not the rule in your trading. Greed is what kills you, fear is what stops you from making money. Rules eliminate emotions.