First Lesson in Investment (and the hardest one for me to practice..)

PATIENCE..!! Provided you picked the right stock, Good things DO come to those who wait.

I am doing fine..BUT..

I could have done better!! I made few mistakes, and the worst one lately was with MOL.AX.

I still manage to get out with around 90% profit, but it went up much-much more than that!

Today, my best performer is AWC.AX

I love Alcoa, and I'm keeping Alumina

Friday 14

Another green day today, with with IPL.AX and MOL.AX (again) running high.

I sold MGX.AX from one of my husband's account this morning at $1.185. I bought them a while back for $0.88. MGX reported its result yesterday. Revenue and profit was down as expected. I will look again to enter if the price dip sometime in the future. A great little company, just I thought that it has gone a long way from $0.20 just a year ago.

I sold a THIRD of MOL.AX at $1.87!!! I'm getting a bit jittery, and I thought it's wise to take profit, although I had a feeling that the price appreciation will still going to continue until the news of offtake agreement (this is my deduction, anyway, so don't take it seriously). I am still happy to hold the rest (2/3 of my original holding). Bought them in not long ago for $0.36. Praise be to GOD!!!

Industrea Ltd (IDL.AX)

Industrea is another little runner in my portfolio. Bought at $0.145 and top up at $0.185, IDL is currently trading at $0.43. I have been in and out IDL since 1996, and it's been good for me.

Short term strategy is to wait and enjoy the run until they reporting the result, which is sometime next week (I've got to check the exact date again...)