Re: TZL and HDR
Well stefan, i'm more or less a "buy and hold" investor at the moment
That may well save you. But if you're a buy and hold investor, you shouldn't be that nervous just because it fell back from where you bought it. You would have your reasons why you did it and you would have figured out if 2.40 was a good entry price or not.
I have mentioned it before. You need to know exactly what you're doing when you invest your money. Getting reassuring words afterwards is not going to help you in any way.
And since i'm very new to the stockmarket (i'm only 15)
It's never too early to start! You have ample time to learn. When you make a mistake, you'll learn the most. (I'm not saying you made a mistake by buying HDR).
i fell into the trap of placing an "at market" order on Monday this week.
Well, so be it then. Too late to do anything about it. Maybe you should check if buying at market is the best way to buy your shares. I highly doubt it is.
While there is no guarantee that this will work out, there is a lot of potential that would indicate that it will. You bought it near its all time high and it will take a while to get higher. This stock is risky because it is based on drilling and the hope that they will find oil in most of the places. If they do, then the sky is the limit. If they fail, then I'm affraid it will probably take a while until we see $2.40 again. HOWEVER, they have already found oil and the next result is only days away. So the stock is worth more than what it was a few weeks ago. Maybe not $2.40 at the moment but if they find another source of oil, then $2.40 may well look like a bargain. Again, Dorade-1 is considered high risk as it is new terrain where nobody has been drilling before as far as I know.
Overall, you should figure out how much risk you're willing to take and what you can afford. But you should have done that BEFORE you bought anything.
Never buy a stock just because it is discussed somewhere and considered worth buying. It may not be the right one for your own portfolio. (I'm not saying you did that).
I know it doesn't help much. Once you hit that buy button, you start feeling very lonely out there
I'm not trying to teach you a lesson here. Just some ideas.
Consider this:
A cat will never just jump at something because it looks tempting. A cat will first check out the surroundings for potential traps and dangers, then watch the target without moving a bit to find out what it does and what it will probably do next. It will create a plan of attack considering all options to be as efficient as possible. During this phase it will not react to anything else that's trying to get its attention outside the scope described above. If the prey flies or runs away then so be it. There will be another one. Once the plan is ready, the cat will attack no matter what. The cat may still fail to catch the prey but at least it made sure the odds were as good as possible.
You have to wait patiently until the right opportunity comes along. Then you put in all you've got to make it happen. You may still fail, but the chances are much better than when you buy whatever share is mentioned somewhere by somebody.
Ah, enough said. I'm overboarding here...
Happy trading
Stefan