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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (28534)	12/29/2006 2:43:44 PM
From: koan	Read Replies (1) of 78411

Couldn't have said it better myself EC-lol. And to add to that, if you divide your money into units of "bets" and stick to that you can manage the risk so it is really no more risky than straight investing using position plays. When I was partially earning my way through college playing poker at the clubs in san Jose California, I always allowed myself two buy ins (racks). If I lost those two I was done for the day. If I started winning at some "arbitrary point? (usually when I had a big pile of chips-lol) then I counted my chips and inacted a new rule i.e. if I lost 1/3 back I was done. So if I was up $300 then if I dropped back to $200 I was done; however if I won another $300 and now had $600 I could lose $200 back. This way I allowed myself a way to keep winning, but ensured I left the casino with money. I used to keep track and I won 2/3rds of the time and lost 1/3 of the time and my average win was greater than my average loss. I have made most of my mining stock money over the years using wts. As mentioned, last year at one point I was up almost 1,000%. But remember I bought HBM wts at .05 and those alone were up almost 1,000%. I bought and sold them twice, so I didn't realize the 1,000% there, but I did realize several hundred percent and then the SLW wts I got in the .30 range and the b's for under $2 and then sold both batches of wts when the stock flattened out just about where it is now; and bought a lot of ECU at about the .60+ range. There were other plays like BWR wts, but that was the bulk of my big winning transactions.

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