Patient is the key!!!!

I remember when i have bought some shares of the company named Cluff Gold PLC. I knew 100 % that this company share price will be rising soon, but i was struggling with patient to wait to get seriuos profit of my investment.

''Cluff Gold plc (Cluff Gold) is a gold mining and exploration company. The Company is engaged in the acquisition, exploration, development and operation of gold mines and deposits in West Africa. The Company’s segments include Kalsaka, Yaoure and Baomahun. Kalsaka is the Company’s key cash flow generator and produced 71,505 ounces of gold during the year ended December 31,2011. It also controls four new exploration licences in Eastern Burkina Faso, providing a pipeline of future projects to the Company. Baomahun is the Company’s wholly owned flagship development project in Sierra Leone, with 2.1 million ounces of indicated mineral resources and a further 0.9 million ounces of inferred mineral resources. Its Yaoure is located in Cote d'Ivoire. Diamond drilling at Yaoure in 2011 totalled 3,067m in 29 holes, On May 2012, Cluff Gold acquired Sega Gold Project (Seg) from Orezone Gold Corp.'' - Information provided by Google finance

I joined the rally when the price was 70 pence of each price and i was keeping  shares  for two weeks, i really believed in this company until the price felt down until 64.5 pence level and guess what, i sold them just to stop loss. When i checked the price of this company after a few more weeks, the price of the share became at 81.84 level. From that day i said that i will never sell anything until i will get profit from it.

Of course i never buy any stock if i didn't make Fundamental and Technical Analysis before. You need to know what are you buying, you need to know as more as you can. There are so many sources on the internet where you can get information about Company. Before you buy always make sure that you did full investigation and have analysed company very well.

Simple calculation : if you have 3000 pound to invest and lets say you will buy this share at level 70 pence. When sell at 81.84. I could make 500 pound profit just in a month which is 17 % of profit.

So what was that i have learned - patient is the key!!! It is impossible to make huge profit in a day having small amount of money.