1. what was the situation?2. what did you do ?3why did you do it this agency?4. what was the outcome?5. what could you enjoy improved?
Answers: 1. There be an avowed gold mining company staking claims close by a known producer atop a broader geologic side.
2. Allotted a definite amount of money to trade contained by that company, but spaced it out over four periods of time.
3. A tentative operation always involves risk and habitually falls out of favor with the open market, so the time gap allowed for the report to wane and I could then buy more at a cheaper price, averaging down my cost principle, or sell section when it rose periodically in charge to reinvest when it fell again later, factor of normal bazaar cycles.
4. The management later rode the wave of a different popularity by shifting their focus. They still retained the mining claims but began to look for uranium surrounded by Arizona instead. The value collapsed and I lost most of what I have in it. Had I retained it, very soon some three, close to four years later, it have since recovered to close to what I sold if for, but no where close to what I put contained by.
5. There are two things that I might have done to increase my situation:
(a) Heeded Samuel Clemens advice (who be almost as famous for his doomed to failure investments as his entertaining stories): "A gold mine is simply a hole surrounded by the ground surrounded by liars", or
(b) Invested in the company close by that was if truth be told mining gold -- alike dollars would have close to doubled my money surrounded by the meanwhile.
The systematic approach would have maximize profits on a good trade by averaging down the cost cause, but it actually help minimize loss on a losing position.
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Answers: 1. There be an avowed gold mining company staking claims close by a known producer atop a broader geologic side.
2. Allotted a definite amount of money to trade contained by that company, but spaced it out over four periods of time.
3. A tentative operation always involves risk and habitually falls out of favor with the open market, so the time gap allowed for the report to wane and I could then buy more at a cheaper price, averaging down my cost principle, or sell section when it rose periodically in charge to reinvest when it fell again later, factor of normal bazaar cycles.
4. The management later rode the wave of a different popularity by shifting their focus. They still retained the mining claims but began to look for uranium surrounded by Arizona instead. The value collapsed and I lost most of what I have in it. Had I retained it, very soon some three, close to four years later, it have since recovered to close to what I sold if for, but no where close to what I put contained by.
5. There are two things that I might have done to increase my situation:
(a) Heeded Samuel Clemens advice (who be almost as famous for his doomed to failure investments as his entertaining stories): "A gold mine is simply a hole surrounded by the ground surrounded by liars", or
(b) Invested in the company close by that was if truth be told mining gold -- alike dollars would have close to doubled my money surrounded by the meanwhile.
The systematic approach would have maximize profits on a good trade by averaging down the cost cause, but it actually help minimize loss on a losing position.
Resolved Questions: