Polymetal Share Discussion Threads

[trader536] 07/5/2021 16:14

Yes I'm new to this, can you tell me how you know where the 'low' is going to be? Many got caught out in 2008 by predicting low after low, month after month.

I understand reinvesting dividends, but where do your 'other funds' come from?

If there are a million ways to skin a cat can you show me them? And if there are a million ways to make money in the stock market why do 90% of retail traders lose money?

[woodhawk] 07/5/2021 15:49

trader536,

"Your strategy has worked for you up to now, but if never 'ever' wanting to take a loss, how would you handle a market crash like 2008?"

Perhaps by 'never ever taking a loss' and reinvesting dividends and other funds at the lows? Are you new at this trader536? You seem to have no imagination and total tunnel vision. There are a million ways to skin a cat and a million time frames to do it in. Get real.

[imastu pidgitaswell] 07/5/2021 15:34

Short answer is probably do nothing, as I did in March 2020.

No leverage, be in dividend yielding, low PE, low debt and preferably cash-rich, asset-backed shares which will never be obsolete - power, precious metals, construction, houses.

No tech, no bitcoin, no cash hungry explorers. May miss out on plenty, but won't be caught and will do well enough thanks.

The End...


(Don't forget, we have different objectives. I'm not trying to generate an income from this (I have the cash to meet the bills), and not (now) really trying to generate a capital return. Certainly not within a fixed timeframe. There is no pressure on me. I tried, years ago, to generate an income, i.e. be a trader. Couldn't do it, wasn't prepared to learn how to do it, and stopped trying.)

[trader536] 07/5/2021 15:29

Stupid - ha yes, March last year in FRES; wasn't that a fun time when silver plunged to $11. You allowed your emotions interfere with your trading when I suggested operations may stop due to the pandemic, I still have the bruise above my left eye ;-)

Your strategy has worked for you up to now, but if never 'ever' wanting to take a loss, how would you handle a market crash like 2008? That's something you need to ask yourself, because sure as eggs are eggs another will come at some point, and you must protect capital in order to stay in the game.

[montyhedge] 07/5/2021 14:55

So with the 64p dividend on say 1620p equals 1684p not to bad for a weeks trading.

[philanderer] 07/5/2021 14:26

Russia may surpass China to become largest gold producer this decade

[scepticalinvestor] 07/5/2021 13:56

Bond yields dropping like a piano down a mine shaftHUGE miss on non-farm payrolls

[trader536] 07/5/2021 13:38

Stupid away at the golf course on a major news release, needs to summon himself to a disciplinary hearing

[montyhedge] 07/5/2021 13:32

Great for Gold NFP I see 1650p today.

[turvart] 07/5/2021 13:20

Monty,

I can see 1620 but not 1650 that you do! might be worth your while to look at ITM! extremely oversold!

[fuji99] 07/5/2021 13:03

My biggest mistakes were when I bought 40.000 shares in ASC at 45p just when online shopping started to take off and 20.000 ARM Holdings at 50p following its profit warning. I sold both of them at less than a squid, thinking "I made a killing". We know how their share price ended. ASC hitting £70+ and ARM £24+ following the takeover by Infobank. An opportunity to become a millionaire was lost and never returned...

[montyhedge] 07/5/2021 13:02

Can we touch 1650p after NFP this afternoon.

[scepticalinvestor] 07/5/2021 12:13

Bloody good work mate. I am up 83% yoy but still have a way to go to get close to you!Main winners were BOO, ASC, MCRO and REC.Too many losers to mention lol

[auson1] 07/5/2021 11:59

imastu pigitaswell,

Thats an outstanding performance ( if true ) You certainly don't need to be listening ( or taking ) anyones investment advice on here or anywhere else.

Can I ask you just to throw a few Tickers out of the notable things you had been buying to do this ?

Thanks very much.

[spawny100] 07/5/2021 11:59

You definitely need a slab of good luck/judgement to build anything like a decent pot from a small sum. I've been investing for 20 years or so but never had enough capital to get anywhere even when I was seeing opportunities. Luck turned about 4 years ago with £5k in Rockrose (RRE) at £4. Sold them at circa £21 and put every into Touchstone (TXP) around 25p. Sold them between 160 and 170 and bought PRD and SAVE. I'm now able to diversify a bit and not have all my eggs in one basket. So £5k into a decent 6 figure sum in 4 years or so.

[scepticalinvestor] 07/5/2021 11:51

How much did you start out with if I may be so bold to ask?Isn't it just more profitable to hold long term as opposed to day trading? Have never met a successful day trader tbh

[trader536] 07/5/2021 11:44

Stupid - lol I wouldn't trust you with tuppence, I see you did your homework on VLX but it took nine years to come good.

I agree its difficult to make money with a small account, and indeed, lack of diversification through undercapitalisation is another common reason people lose money, or worse blow-up their account.

I've seen people on ADVFN claim to be trading for a living with accounts of £10k, and people claiming to be compounding 2% a day. Trading for a living requires a min of £250k, looks like you’re well on your way, just don't stick it all in VLX ;-)

[montyhedge] 07/5/2021 11:21

I see 1635p after NFP next test for gold by the bulls who are in charge $1875

[imastu pidgitaswell] 07/5/2021 11:07

t - for the final time; it's a way. It's not the only way.

I turned just under £280k into (today) £780k since March 2020. I took a smaller pot (the wife's - she is very trusting...) of £65k - in July 2020 - and turned it into (today) £120k - a far harder thing to do frankly with smaller sums. And more recently doing something similar with £20k each in 2 ISAs (harder still), and just some other bare cash purchases.

Doing all the 'wrong' things. Not cutting losses (ever), not running winners (some of the time - FRES?), adding to a losing position etc etc. Yet it made a lot of money. You could also characterise it as getting the direction wrong some of the time and managing risk in a completely different way.

Why? Blind luck, or doing it on the right shares having undertaken the necessary research? Maybe both. My point is there is more than one way to make money - taking profits regularly, almost daily if they are there (but never call me a day trader, or even a trader), builds up the pot relentlessly. There is always a basket of items 'under water' - a 'float' if you like - but that level of being underwater reduces in percentage terms all the time as the pot grows. And there are always the dividends...

Later - the golf course awaits...

[trader536] 07/5/2021 10:59

trader536 - 06 May 2021 - 10:53:52 - 2126 of 2200 Polymetal International - POLY

planit - I agree a close above $1800 could see a big move up in gold, but we must be mindful that its failed nine previous attempts, why should this time be different?

[auson1] 07/5/2021 10:56

trader536,

I think I said Gold more likely to be above $1800 by end of the week if it didn't hit that before when you stated resistance at $1795 and the Gold chart formed a bearish pattern.

[montyhedge] 07/5/2021 10:38

1800p a certainty in my opinion. If gold continues up.

[montyhedge] 07/5/2021 10:37

Should be 1635p after non farm payroll later in US this afternoon.Gold going over $2000 coming weeks.