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Strategies & Market Trends : The Art of Investing
PICK 51.54+0.1%Dec 24 4:00 PM EST
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nicewatch
sixty2nds
To: Sultan who wrote (10330)10/13/2025 2:24:25 PM
From: Sun Tzu2 Recommendations  Read Replies (1) of 10713
 
I first bought MP when it was 17+ (look way to the left of the chart). That was already a miss because the real entry was in the 10 - 12 range and I had missed a 50% gain.

But I was comfortable buying and holding the stock because I knew that the US wanted to diversify away from Chinese rare earth and MP was their main vehicle. This was public knowledge. What was not known was how it would come to a head. But that too was predictable because back in 1992 (and there after many Chinese leaders) repeated that the middle east has oil and China has rare minerals. The Chinese government had explicitly made the choice to make rare earths their strategic resource.

Anyways, leaving that aside, I didn't really have a reason to sell MP. I just added to it as it went up. My latest addition was on Sept 25 for $77

If I were to strictly follow my system, I should have sold it where the red marker is and then bought it again on the green marker soon after it. But at that time I was off the market doing my AI research.

The main point I am making here is there is no such thing as a stock that is too expensive to buy or too cheap to sell. Price is not a decider, trend and momentum are. If I had gone with the idea that it has climbed too high, then I would not have bought it first after it had gone up 50% or back in September when it had already gone up almost 4x from my entry and 7x from where I should have bought it. That September position is already up 25%.

PS I sold most of my BB today because the risk/rewards are on the edge, but I have reentry orders for when it looks better.

EDIT I missed posting the chart with the markers
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