Hi
@matticus - I have been on a bit of steep learning curve too for the last six months so here are a few things I've learned
-have a plan and a goal
-work our your time frame
-invest only what you can afford to lose
-avoid loans altogether
-spread your risk across different minerals and sectors (I have gold miners, copper, lithium, industrials, zinc and some scandium)
-start in a small way and do a few trades and see how you go
-have a strategy for entry and exit (I have made lots of mistakes here - going too early, too late, following the trade, buying on news etc etc)
-read all the company and broker material yourself - don't rely on HC posters. Don't let them sway you overly. There is always an agenda.
-I reckon in this case you should DO nothing. Just sit back and watch. The SP after the CR will be up and down and all over the shop. It will be tough watching the red - but there is a good chance that NTM will come through. Anyway just a few thoughts based on my experience which I hope will help.
-if the stress is too much avoid the low cap explorers and avoid lithium. They are the riskiest! (But the rewards can be the best!!!!)
-watch out for tax and CGT!
Good luck!!!!!
I'm sure everyone remembers there first share, so I'll look at it as a lesson learned and hopefully not an expensive one! cheers
