Building a Gold Stocks Portfolio

Discussion in 'Stocks & Derivatives' started by mmm....shiney!, May 31, 2021.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Have some cash on standby. If there's a big market drop, I might get some PAAS and AG again, same play as March 2020. Zero risk, especially for blue chip PAAS.
     
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  2. heartastack

    heartastack Well-Known Member Silver Stacker

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    Falling chainsaw

    Still not sure why nobody seems to want to wait for a consolidation? If you really think you’re going to miss out on a whipsaw to over 100k.. then ok..

    I think the cash strategy is good now if you already have some solid positions.

    wrcmad may be modest but I’d wager he’s one of the most successful investors on this forum.
     
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  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    wrcmad is a trader, it takes a lot of skill to trade, which 90% of us don't have. I've tried trading in my younger days but lose most of the time. Now, I play trend instead. I spot a trend, like say semiconductors, the metaverse and AI are going to be more important in the future. Next, I spot undervalued stocks, and wait for a big market correction.

     
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  4. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Agree.
    WAF has been brilliant to me - having held since 40c.
    Just happens I spotted another opportunity not long ago, and figured the easy money had been made on WAF, so I exited my pos in WAF to fund the next opp.
    I hope my lucky timing was a sign of things to come for the rest of '22.

    waf2.jpg
     
    Last edited: Jan 26, 2022
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  5. heartastack

    heartastack Well-Known Member Silver Stacker

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    Are you a day trader or short term trader as sgbuyer suggests?
     
  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Short-medium term.
    I don't have the time available to day-trade.
     
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  7. PMCollector

    PMCollector Well-Known Member

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    Day trader not posting commsec receipt. I x4 waf which was nice, African plays been ok for me last few years, cdv obv best one. CHN excellent, RSG terrible
     
  8. PMCollector

    PMCollector Well-Known Member

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    And the other African one which got taken over for pennies, forgot the name of it lol, run by the idiot that now has castle.
     
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