Buy High sell LowYep that's what most do.Take NUG they liked it at .60 [ see the 10yr chart ]and really loved it when the push came in the .12 to .16 range by Crescat.
Do they loved it at .02,, nope just the smart bottom pickers do.I made a bit on it buying@.11 and sold@.14 but I did not like the high outstanding shares so got out as many took a beating on it..I have loaded up@.02 as I fugure with the finacing /promotion/drilling it could get back to the teens and who knows maybe just maybe they could hit the pot of Gold.It took Hemlo 76 holes to find one of the biggest mines in Canada.
The cyclical nature of the market is the second most important thing that you have to know after psychology
Thou shalt understand the market and it's psychology buy low sell high