Loading ...Holding your junior stocks during gold bull
Roxgold went up almost 100x from 2010-2012. This clearly shows how it is important to not only pick winners, but to hold on to these during the bull run, as it is always tempting to scale back when up strongly in the beginning of a run.
As Spock stated previously the most important is the sitting tight in a bull market.
Yes But Its Much easier to say it than to do it . !
🙁
LOOK at NDM/NAK
https://stockcharts.com/h-sc/ui?s=NDM.TO&p=D&yr=1&mn=0&dy=0&id=p75453916448&a=499328072
I guess just follow your preferred moving average and act accordingly as the chart rules. I was chasing in and out too and quit doing that game also as it did not get me much ahead, if anything behind. Oh well, reorganized portfolio and feel better now. Sitting on my hands.
I fully agree, looking at NAK it seems very difficult not to reduce holdings during such a run. The point I try to make is that holding a portfolio of 10-20 stocks some will run far higher than you can imagine, and selling into strength will not make you poor neither, but from my experience in the small bull of 2008-2011, some stocks I held into my portfolio continuously went up and I sold shares all the way up, not a bad strategy, but in hindsight I should have hold on longer to my gains.
As someone who bought into NDM at 80 Cents, I hear what you’re saying. Takes some nerve though.
I think you have to take some off the table to have the nerve otherwise imagine how badly mentally you would have been beaten up from 2007 until now. Also if you just always hold then you have to know when the bull is over and by any parameters the bull was definitely over from 2011-2016 for mining stocks, so you personally I think you have to trade around your bias and core positions. Eases the stress of it.
‘sitting tight in a bull market’:
Easier said than done because one has to **identify** a bull market prospectively, not retrospectively. All the skills in the world, TA and otherwise, may be imperfect at identifying both the beginnings of a longstanding upmove and its end. Even telling whether the market is moving at all in one’s timeframe of interest vs chopping is quite the trick that I’ve personally never mastered. Fairly frequent reviews of longterm charts preferably in different ways (log vis linear; stocks vs underlying commodity; commodity in different currency, and of different longterm timeframes) help but it’s tough.
Taking partial profits during up moves and holding on to the rest like a bulldog can help, much like slight judicious buying when things are tough. But it’s so much easier in retrospect than in real time. One should not beat up on one’s self too much or congratulate one’s self too much either. In my opinion.