trading

trading

Friday 29 December 2023

Happy and Prosperous New Year to everyone!

So, as we head into another new year, resolve to get your trading logic down to watching prices and reacting routinely to them using whatever you decide constitutes your own strategy of how you buy and sell. Clear your trading mind of predictions end execute. Maybe you’ll more easily enjoy the ride in 2024!

Thursday 28 December 2023

A compelling risk-reward profile.

The aggressive young oil and gas company recently acquired a 37,000+-acre plot of land in the heart of the DJ Basin, where majors like Chevron, Civitas, EOG, and Samson operate.


The best part? It snatched up that land out from under Chevron's nose … and was rewarded with possible reserves up to 285.3 million barrels of oil equivalent, according to a recent, independent, third-party assessment.

Oh, and because Prairie is only just now hitting the NASDAQ, it's still under $70 million market cap … despite its potential reserves.

Thursday 21 December 2023

"The American Tourist and the Mexican Fisherman."

An American tourist was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked.

Inside the small boat were several large yellowfin tuna. The tourist complimented the Mexican on the quality of his fish and asked how long it took to catch them.
The Mexican replied, “Only a little while.”
The tourist then asked, “Why didn’t you stay out longer and catch more fish?”
The Mexican said, “With this I have more than enough to support my family’s needs.”
The tourist then asked, “But what do you do with the rest of your time?”
The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life.”
The tourist scoffed, ” I can help you. You should spend more time fishing; and with the proceeds, buy a bigger boat: With the proceeds from the bigger boat you could buy several boats. Eventually you would have a fleet of fishing boats. Instead of selling your catch to a middleman you would sell directly to the processor; eventually opening your own cannery. You would control the product, processing and distribution. You could leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually New York where you could run your ever-expanding enterprise.”
The Mexican fisherman asked, “But, how long will this all take?”
The tourist replied, “15 to 20 years.”
“But what then?” asked the Mexican.
The tourist laughed and said, “That’s the best part. When the time is right you would sell your company stock to the public and become very rich, you would make millions.”
“Millions?…Then what?”
The American said, “Then you would retire. Move to a small coastal fishing village where you would sleep late, fish a little, play with your kids, take siesta with your wife, stroll to the village in the evenings where you could sip wine and play your guitar with your amigos.”

Think about your Goals and what will you Become, Do, and Have when you achieve them. Enjoy the ride!