.

hardest thing is discipline!

Brought up by Victorian Disciplinarions all I have ever done is rebell, we should change names obviously not sexes. Oh sorry, seriously it gets a little nerve wreching at this stage of the game doen't it? It gets to sh..t or bust. well we won't get to the bust stage I wouldn't think. Good Night.

Discipline is quite easy really.

Set a percentage loss you are prepared to accept and sell no matter what.

Have a target in mind, adjust as necessary dependent on circumstances at the time.

Never look back, 20/20 hindsight is a wonderful thing, none of us have it.

Pt, how do you set a realistic target in such a comp like RRL or atuk with the possibilities of going from good to very good? do you set 50 - 60% profit and sell, then possibly watch it go past 100% profit....... anybody in at 5p has well past their target at the mo. Just interested in your view.

wonder how friday will go - end with friday profit taking or mass buying in expectation of monday - or a bit of both!! - i would not wanna be outta rrl over the weekend! lol

you said that last week......lol

BB

Firstly, if it goes past your 50/60% profit, what's the problem? Ok, you're going to be kicking yourself, but that's bringing emotion into investing. Don't forget, you were happy with 50%, you were right with your trade, so why beat yourself up for being right? Very rarely do peeps buys at the bottom and sell at the top. In any event, you can always buy back in.

Secondly, selling at the right time is an awful lot harder than closing a losing trade. But if it goes up and meets your target, you have to judge market sentiment, use technical analysis indicators, the possibility of more news to keep the move going etc before making a decision.

Ultimately, you don't want to give all of your profit away, nor do you want to lose your bank.

Edit: On reflection, this subject and related others could be discussed for hours on end, I might start a new thread!

bb lol - i was right though

pth - yep darn hard to buy at lowest / sell it at peak - often get near it but to get it right only done it by pure fluke myself

i do like top slicing though - but even that dont always work if the share drops really fast at a high % then takes an age to recover - done that before then kicked myself for not taking the whole lot then buy back at the new lows! but hey ho

25 Ozzie cents today and stable down under = 15.5p

could be more than that, might be 12p

cheers pros - rns out right now - not unlike the sar one before the reverse - but rrl different maybe?

hasn't stopped the buying at the mo.,.

ASX PRICE QUERY

Range Resources Ltd ("Range" or the "Company") received a query from the
Australian Securities Exchange ("ASX") today in relation to the recent increase
in the Company's share price. The Company's response to the ASX was as follows:

I refer to your letter dated 11 February 2011 in relation to the recent change
in price of the Company's securities and respond as follows in line with the
number of your letter.

1. The Company is not aware of any information concerning it, that has not been
announced and which, if known, could be an explanation for recent trading in
the securities of the Company;

2. Not applicable;

3. Range recently announced the commencement of fraccing operations on its
Russel Bevly well in Texas and the successful results of its helium survey on
its drilling targets in Georgia. Since the release of those announcements the
share price has increased significantly (with volume) on its AIM traded shares
(with ASX following). In particular, on Thursday (10 February), there was a
significant increase in the Company's share price on the London AIM market
which would explain the increase in the share price on ASX today.

4. The Company confirms that it is in compliance with the ASX Listing Rules.

Back in auction.

Moving up now.

Morning all...we're off again....the drop did not last long....20p perhaps today.....

yeeeeehaaaaa

took a gamble topped up at 15p!!!!!!


kerrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggggggggggggggggggggggggggggggggg

Nice one Gibby...would have done so myself but was checking out Zenergy Power.....

As Mickey Clark says Take a risk with interest rates paying less than 1% and inflation 5% the Stock Exchange is the only game.

i swetted for a while for my buy yesterday at 15p but no panic mr mainwaring!!