RE:Euro Sun Mining gained 17% during the last two weeksSmartstocktrade wrote: Good to see ESM 17% higher since December 18, 2019. It's Currently the 4th top gainer of the
ten gold mining stock picks.
For those who are worried about ESM share price going from its all time high to twenty cents range, when I buy a stock I follow some rules:
Rule No 1. Don't chase a stock if it's already 2100% higher wait for its price to settle down. No stocks in the world keep going up straight, there are always hills and valleys. People who buy low and sell high are successful. At the current price the risk is low and the chances of big returns are high.
Rule No 2. Don't believe on what people or media is saying and put your hard earned money in something that you believe has no value.
Rule No 3. Do your own due diligence before buying any stock. If a company is attractive at $2.00 then its going to be much more attractive at ten times lower price.
Rule No 4. Always set stop loss orders to minimize your losses. Most traders and investors are successful if they have good money management strategies.