Over the last years, we have actively speculated in #exploration sector.
Our approach has changed over time.
One of our strategies is to participate early on in discoveries.
π§΅πTips on how to do it below.
Our approach has changed over time.
One of our strategies is to participate early on in discoveries.
π§΅πTips on how to do it below.
Step #1: Stay up to date with exploration results announcements EVERY day.
For us #ASX and #TSX takes 10-20 min per day.
Success here comes down to:
β’ Know what you look for e.g. 20m @ 3% Cu
β’ Do not get distracted by noise
β’ You get faster over time
β’ Automate π
For us #ASX and #TSX takes 10-20 min per day.
Success here comes down to:
β’ Know what you look for e.g. 20m @ 3% Cu
β’ Do not get distracted by noise
β’ You get faster over time
β’ Automate π
Step #1 cont.: Why EVERY day?
We missed the good announcements before. Most of the days nothing happens, but you do not want to miss the 200% move.
How to read announcements faster: equivest.capital/post/over-the-β¦
We missed the good announcements before. Most of the days nothing happens, but you do not want to miss the 200% move.
How to read announcements faster: equivest.capital/post/over-the-β¦
Step #2 Know the stats.
9/10 early discoveries that look significant turn out to be small discoveries or worse...pumps and dumps.
Recognising winners is the key!
9/10 early discoveries that look significant turn out to be small discoveries or worse...pumps and dumps.
Recognising winners is the key!
Step #3: Stay in control of your own biases.
When the data arrives, which shows that discovery is likely to be small, it is time to book profits and move on.
Remember this will be a most likely case, significant discoveries are rare.
When the data arrives, which shows that discovery is likely to be small, it is time to book profits and move on.
Remember this will be a most likely case, significant discoveries are rare.
Step #4: Patience.
Most of the days there is not much exciting exploration news. You have to stay patient and motivated.
Take the opportunity to learn more about the sector as you scan trough the announcements.
Most of the days there is not much exciting exploration news. You have to stay patient and motivated.
Take the opportunity to learn more about the sector as you scan trough the announcements.
Step #5: Book profits.
Finally, this is the most important one.
9/10 discoveries will end up being small. Remember the 9/10 rule. Book profits, especially in the ones that start to look smaller.
Most of the "discoveries" will have following trajectory.
Finally, this is the most important one.
9/10 discoveries will end up being small. Remember the 9/10 rule. Book profits, especially in the ones that start to look smaller.
Most of the "discoveries" will have following trajectory.
Step #6: Hold the winners for the long term gain.
If you found this thread valuable:
1. Follow for more threads on exploration β @equivestinvest
2. Check out #Geology101 for Investors course. Only content out there that links geology with investments insights. equivest.capital/geology-for-inβ¦
1. Follow for more threads on exploration β @equivestinvest
2. Check out #Geology101 for Investors course. Only content out there that links geology with investments insights. equivest.capital/geology-for-inβ¦
Do not know how to spot winners? This thread may be useful:
https://twitter.com/equivestinvest/status/1613845400913383426?s=20&t=YO1m-_ZopjPI3MUaLGh-zA
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