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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?


To: Sun Tzu who wrote (10203)9/27/2025 3:11:28 PM
From: sixty2nds  Read Replies (2) | Respond to of 10550
 
Over the years I trained my self to be ruthless cutting losses with "Starter" Positions and building to "Full" Positions.

Then looking over Oil, Uranium, Gold, Silver, and Copper, I stumbled on a research paper that studied
why there were few people who got wealthy in the last 2 commodity booms.

The short story is the players didn't sit still.
They tried to trade it and THAT did not work.

The few people who made REAL MUNEE stayed the full cycle.

I did aok with my original oilers CVX and EPD.
I was able to get the munee in without averaging down.
I still own the 2X EPD Position which is a double with a north of 13% Distributional my cost.
I sold the 2X CVX Position for a double when the MidEast got HOT.

More recently buying EQX a gold miner and UROY I held my nose and averaged down.
It was PAINFUL.
I kicked myself several times for reading THAT research paper..
BUT
The Fundamentals were clear.

Eating the volatility was not fun but the 3x EQX Position is now up 71%
FNV is my other PM stock I've averaged up that 2X Position.
It is up 40%

UROY was the other Average Down for a 2X Position.
A 7 course meal of Volatility with 2 bottles of red wine.
It is now up 21%.
I'm keeping the snorkel within an arm's reach.

It did help to hear Rick Rule state that studying his history of 5-10 baggers...

Every one of them was down 30% to 50%

I have no plans to sell anything in the near future...barring parabolic action.
Cheers,
60