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Gold Canyon Resources Inc V.GCU



TSXV:GCU - Post by User

Comment by Schillon Jun 30, 2012 6:27pm
297 Views
Post# 20072735

RE: RE: RE: confused and frustrated

RE: RE: RE: confused and frustrated

So....GCU is still good and that's good so I'll hold fast and see what happens I guess and keep reading up.

LR,

you should never lean on anybodys opinion. I know, this sounds impossible (and for newbies it is), but successfully investing is LABOR and gathering experience to become able to make own judgements.

IMO this is best achieved systematically. If you read something, you don't understand (be it about miners, balance-sheets, monetary-policy), you HAVE TO search the term and understand the context, if you want to become successful. Usually people tend to read over the things they don't understand. That way you will only learn very slowly. More dangerously, you will tend to accept what you LIKE to hear, and ignore what you don't like. It's much better, if you treat everything you don't understand with respect and search the net until you understand it.

There is no successful investing without knowing the sector, the company and what is going on in the world. Never invest in anything you don't understand. This does not only mean the company, but even more the things you buy. To put it very simple: never buy a share, if you don't know exactly what a share is and what is different to other investments.

One of the best tools for this kind of work IMO is Microsoft OneNote. There you can collect EVERYTHING you find of importance. Be it citations, internet-pages, PDF-files, videos or audio or links you find important about a certain topic: you put it into OneNote.

If you systematically collect everything you find enlighting or really interesting, or maybe worth to be observed further - put it into OneNote.

For example, every share i have ever looked at or analyzed, has a page in my OneNote. So i can quickly refresh my knowledge but also do not lose any work i have done on a certain share or topic. Everything is conserved not matter of the file format.

If you don't have MS Office, there are even freeware alternatives to ON. Get it.

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