The purpose of this post is not to bang my head over this wonder. There are always other opportunities in the market. The purpose of this post is to remind myself that:
- my analysis can be so right, sometimes; but more importantly
- my entries and exits timing are still terrible
I can't use the same techniques I use totrade forex and large caps in these junior miners. I'm used to riding waves on a boat. I need to adapt and figure out ways to ride rockets (a friendly reminder that most rockets will fail to launch), as Uberlu suggested in a comment. Here's what happened. I lamented about my missed opportunity in establishing a position in Ventana Gold (VEN.TO) last week. VEN.TO is a company in which I've been very bullish and took numerous dabs at for months. This is the picture of VEN.TO last Monday. It already propelled to \$11. [caption id="" align="aligncenter" width="570" caption="Ventana Gold (VEN.TO) on November 8"][/caption] Now this is VEN.TO today. [caption id="" align="aligncenter" width="570" caption="Ventana Gold (VEN.TO)"]1[/caption] VEN.TO closed at \$10.03 on Tuesday. It opened at 13.61 on Wednesday on news of a takeover bid.