American Creek Resources Ltd V.AMK

Trading Tips

[Stockmoves1]

making a living at trading is no easy task / profit taking is never easy / why you ask??? well some traders say it should not involve emotion.. I disagree.. we aren't machines we are human beings.If it was as easy as building a piece of software to beat the market it isn't long until another piece software comes out and beats yours. So on that basis I must bring so many other factors into being a succesful trader. Emotion and phsychology are in my opinion even greater factors.. I feel we often fight ourselves more than the markets....My best years in the markets have been during market crashes. emotion being balanced..  so I sum up my trading to 5 things.. 

1: balance fear and greed....
2: a good grasp of charts / numbers ( i am not a chart person) to me its a picture /  a good one but not the entire basis of my trading..
3: phsycholgy .. this aspect of trading requires getting into the head of the market maker and seperating the price of a stock to how it's being manipulated... this may be :1 not :3.... until you understand how a MM is going to make money you have to understand what they will do to fool the lad depending on a chart.. charts alone will not cut it..
4: patience / not jumping into every play and not kicking ourselves for letting trades go / this comes with time and experience of being worked over..
5: DD .. only goes so far.. personally i rely less on DD and let the numbers do the talking.. I once owned a company that went public and I had no clue what the stock price was doing... that told me all I wanted to know about DD.. perhaps the most important aspect to this is knowing the flavor of the market.. TUD is a unique opportunity for solid DD as you can't argue with the resource reports... that type of DD is solid... so do I buy a whack more today? likely I should.. but first I must balance fear and greed and live in peace with myself no matter what the fallout is.

Best of luck to each of us...

[fairdinkem]

I always knew that breakfastlunchandinner were all one meal!  It take four years of going to college to find out that you really know nothing.  Tradeing is an art form.  You really dont believe that Da Vinci painted the Mona Lisa at age four did you?  Me niether!  Your post has lots of flavor and spices, a good recipie indeed.  Also one can evolve in his/here

[fordster]

That's not fairdinkem...Patience is MY line...lol Back to a fact on Kore...they were already in a steady decline before their split...it looks like it did do much...the SP was heading in the same direction

[Mustang80]

SM1- What's the exit strategy or thoughts for your core holding, (not referring to the funds you use for short term swings)? Is it to wait for a buyer/bidding war to pay FMV? And this is probably a year or two away, right? I realize everyone has to answer these questions for themselves, but I just was hoping for a general picture or ideas you care to share of what you see on the exit of this

[Stockmoves1]

my exit plan if I stick to my guns is to not to sell the shares in my TFSA until we get a buyout... I sold off 2/3rds and am riding free shares in that account.. In my trading account I am thin on shares.. so assuming the report justifies the means I will stay the course.... what some of these guys are estimating in the size of this resource very well may be the real deal proving up a substantial

[hopeful88]

What a refreshing and honest group of traders we have today on this board. I am just a small investor who has done extremly well over the past 12 mths. following the footsteps  of SM1 and using my own smarts buying and selling. I have been in and out of AMK and TUD many times over the past 12mths, and admit i got out of both of them last week just because i felt uneasy with the way the

[Stockmoves1]

thanks for the kind reply Hopeful and we wish you the best going forward..so many plays right now I should likely buy and havent just because I am not feeling the love.. If anything I feel some great buys are forthcoming.... with AMk I luv the story and we shall see what unfolds b4 us.... sometimes we pay the price of just coasting and missing an opportunity or our patience pays off and we get

[Krammer000]

Thursday looks really good. Maybe that's why AMK did the spin out on Wednesday. Good luck everyone. My math has always been 38 mil reasorce. Here's hoping. Can't wait for drinks in Maui. Cheers. 

[Stockpicks96]

I beleive 38 million ounces is what Seabridges resource estimate was, I just can't remember if that was their initial estimate or a later one. Either way, 30 million plus would be asbolutely amazing. Can't wait to take my ole man to Ireland for drinks, cheers Krammer. 

[NOMOREROLLBACKS]

maybe by next year...I doubt it will be now......