The Lithium market has been smashed in 2023 and many have been stuck with big losses in stocks.
I have given up trying to be logical, the markets don’t care for that . Canada plays went from hero to zero so fast , In January and February everything was running , 10 months later it’s the complete opposite .
$WR1 is extremely undervalued in regards to Aussie and Brazil plays. Why? It's an interesting one. PMT needs an M&A and if $ALL had an offer, surely $WR1 at a valuation of 180 million is cheap. That's 3 million per MT. Just 12 months ago people were saying 1MT is upwards of 25m
The market has shown me ( just me ) that being a predictive trader is not the way to go. I've convinced myself to never ever be one after this past year. Predictive is focusing on fundamentals and holding things long term . Hopeing the Price follows what you think . This is great in a moving market but not the way to make money in a bad one . Being reactive means the market tells you what to do and not you . My long account has suffered this year, being 1 million in the red, but my trading account is green. I will stick to my 3 year timeframe on my long holds (that's the goal) , but being reactive to market trends and letting my money and price action guide my decisions is much better than anything else. I got it wrong this year , following so called experts never works too. Make your own decisions and find what works best for you.
Lithium signal to sell was a long time ago. I was a moron and held onto it the whole time, but a low / bottom always happens and surely 2024 will see a bounce in lithium plays. I’m not selling now as a low is close but many lessons have been learnt . I've always thought of myself as mentally tough and someone with a winning attitude. Being positive with my expectations, but also knowing that if I fail, it's just a reflection of where I’m at and shows me what I need to learn and where I need to go . It's not failing, it's just attempts.
2024 wil be Learning from mistakes and realizing how brutal a bad market can be, I'll take caution next time after a bull market like lithium had. It always has a turning point.
The good news is that to have a bull market, you must have a bear market first.2023 can go F off and bring on 2024. Oh and a big crytpo bull market to make up for my crappy lithium stocks .