RE:RE:Some general DD for you allI was in on PE for a short while, but I sold out for an 18.64 percent profit. I usually invest in my stocks long term however, there is an old saying that any profit is a good thing and another old saying is don't get greedy. I try not to write my fate in stone. After I sold, I put in a bid a week later at .59 cents, but I changed that to .55 not too long ago right after they put out news on their recent PP selling shares for .55 cents. A rather simple approach I know, however I like to keep things simple. Not too simple mind you. My favourite quote is by Albert Einstein which is "Keep everything as simple as possible, but not simpler"
I am only a noob trader. I have only been studying trading 6-12 hours a day since Jan 1st of this year. I only opened up my RDSP trading account Jan 1st of this year. I don't have a tonne of cash in this account. Regardless, instead of placing all my money into one stock, I diversify by trying to own ultimately at least 10 different stocks at one time.
I have my own overall unique way of trading I have arrived at now. I try to derisk my portfolio so I don't stress out so much, but at the same time I try to make money. If one of my stocks crash, I sometimes buy more stock instead of panic selling and will sell that same amount later for a higher price to average down my price on my core shares I own. I for the most part am a long term investor however I go outside of the box and apply other methods or certain methods which I don't have time to explain. I know that there are no gaurantees with my actions. I am certainly aware that I could ultimately fail, but regardless I try my best. That's all I can do.
You don't make money by just letting it sit there as cash doing nothing. I want to make money. Enough said.
I so far after all my studies in the lithium sector am interested in PE and Nemaska. I have been interested in them since the beginning of my studies many months ago and still continue to be interested in them.
I suppose one factor why I am only interested in PE and Nemaska is because I only trade Canadian stocks. I trade only Canadian stocks cause I am Canadian and it's complicated enough for me to deal with just Canadian stock let alone having to consider additonal costs cause of foreign currency rates, bank charges and what have you. Plus my RDSP account won't let me have a U.S. trading account so I can do Norbert's Gambit to bypass bank charges on foreign currency exhanges. I'm also just a new trader after all. so I try to keep things as simple as possible, stick to the basics and do my DD in every facet to the best of my abilities.
As for the Canadian lithium companies, the reason why I like PE and Nemaska is because of how far ahead of the game they are compared to all the other ones.
Another reason which is my main reason to consider only PE and Nemaska period, is because not are they the only companies in Canada, but they are the only companies in the WORLD that I know of so far that are going to apply state of the art technology to be able to produce pure lithium in a matter of hours vs, the years that all the current global major players use to produce lithium using their evaporation ponds. I know there is one or two other Canadian companies that are far ahead of the game, however they use ancient technology that is far inferior to what PE and Nemaska have to offer. I am looking at the long term potential as you can see.
Like I said, I am just new to trading, a novice, so I just try my best to succeed by doing as much DD as I can, keep things as simple as possible, know the basics well and apply them, use common sense, intuitively look for patterns in charts, try to keep my emotions out of the equation, stick to facts not fiction, and most importantly of all, to never stop learning. All I can do is try my best.
No matter how successful any trader is, they all had to start out as a noob just like everyone else. Every failure is also a lesson too. The difference with a fool and genius is they both make mistakes however the fool keeps repeating those same mistakes over and over. The genius doesn't.
