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Bullboard - Stock Discussion Forum Mega Precious Metals Inc MPRXF

GREY:MPRXF - Post Discussion

Mega Precious Metals Inc > A patient wait
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Post by sandpiper on Jul 09, 2011 9:53pm

A patient wait

I bought in 7 months ago at around 0.70 and watched it cut by almost half but knew if i hung in it would be worth it based on the quality of the projects and the knowledge of the people running it.  Looks like I'll get my investment back and then some soon.
Comment by Curvature on Jul 09, 2011 10:31pm
This post has been removed in accordance with Community Policy
Comment by abbeman on Jul 10, 2011 7:19am
Curve, I know you are very proud of your trading success in MGP, be so and congrats! I have also had some successful trading in MGP, but my tactic nowadays is to try trading with a part of my position until I brake even and then I keep my "free" shares in a longer perspective. The thing is that I have hated myself so many times during my 15 years as an investor for selling too early. I ...more  
Comment by Curvature on Jul 10, 2011 10:57pm
This post has been removed in accordance with Community Policy
Comment by abbeman on Jul 11, 2011 1:33am
Curve, actually your trading philosophy resembles mine. I also follow about the same rules as you do. Especially when playing with high-risk stocks I try to limit risks through early profit taking when there is opportunity. A profit is a profit for sure and it can be expensive to be too greedy. But let's say you would keep i.e. a half of your profit in MGP invested, then you still sit with ...more