Re: Joey's O&G Trading Log
Posted: July 31st, 2021, 10:09 pm
joey wrote:This is a record of my trading in speculative oil & gas small caps.
(Note: I have one other position in O&G (TXP), but that is an actual investment and not a trade, and won't be commented on here).
My strategy is not to trade on fundamentals. That has far too high a probability of complete failure and permament loss of capital. Instead, trade on the sentiment -- and associated price movements -- that comes with speculative stocks when "the herd" arrived. Aim to build a position when certain signals align (e.g. post-placing churn) and dispose of a position pre-news.
I will post position details only once they are fully taken or fully disposed of.
It's not obvious from the way this board is set up but the original purpose of this board was to demonstrate how £1000 could be turned into a million in 30 years. This requires an annual return of above 25% consistently for the 30 years. Will be interesting to see how you get on!
FWIW the originator of the idea gave up in a few short months IIRC...
GS