Steve, do you have an exit strategy? I don’t get shaken by volatility much so I don’t think I’ll try to time my entry/exit but just curious how you plan your entries/exits?
Real quick for those that weren’t in these names before Friday. A deal will be reached between china and US because China has leverage (for now) so use that to your advantage and wait for a pull back so you don’t become exit liquidity for the algos. It seems a lot of people have eyes on Steve so please be careful and don’t just blindly buy into these names. Just like Steve said you don’t want to be shaken out if these names drop 20-30% in a day.
Can you elaborate what you mean by „wait for a pull back so you don’t become exit liquidity for the algos“? I‘m not well versed in stock terminology. Thank you kindly
A good rule for those who are new to trading is to always take a second to really think about their risk profile before FOMO’ing in hoping the train hasn’t left the station.
I saw Steve’s stuff months back. I thought little of it and many scoffed. But he clearly knows what he is talking about and trusted his thesis (as shown by his results)
A lot of people of come here recently after seeing his insane successes. The vast majority here won’t understand the sector, me included, a lesser amount won’t really understand trading that much (also probably me lol).
If you aren’t a full time trader but see this and try to jump on board you may, I stress may, be jumping in nearer the high point without knowing it as the short term run has already happened. So you don’t want to buy in and then after the meeting with china a deal is struck and other holders dump the stock having already made some profit.
You can buy in now, the price may go up or down, certainly in the short term (a deal with china). If you don’t want these losses but still feel there is long term potential (many here are inexperienced in the sector so in essence trusting Steve’s thesis) then wait for a likely deal and the stocks to drop then buy in then as you will come in at a lower price point and play a long game as the general view is the US will want long term security and limited reliance on china and thus this sector will grow in the future.
Thank you for such a thoughtful and complete response.
I’m curious. Where or how did you come across Steve’s stuff months back? And why didn’t you give it much consideration? I ask because I came here after seeing his results on Reddit and wonder how we might find and follow the “next one/steve”
In all seriousness I know everyone who sees this has panic and FOMO (me included) but really you will only find the ‘next one’ one of a few ways.
1. Read through a lot of stuff people say, 99% will absolute dross but you might find one AND THEN do your own DD. If it makes sense and it hasn’t popped yet you make a gamble and throw money in hoping it will eventually take off.
2. You blindly follow any tip on Reddit and throw money at random things hoping it takes off. This is not a good strategy unless you are loaded and are doing it for fun or.. get unbelievably lucky and come out with a profit somewhere.
3. You are the next one. You find something. You research it and trust your gut. Go hard in the sector/company and your thesis plays out correct.
There is no golden ticket to find the next thing, be at the very start or just before it explodes, do absolutely no DD and have the guts to go all in on a random play that you DON’T KNOW is about to explode.
Hindsight is 20/20, so many things in my lifetime I could have been in on the ground floor but at the time it was that, on the floor, along with 1000’s of other stocks that also.. went nowhere.
Read, research, make a thesis and then trust it.
Otherwise.. suppose you need to see what suddenly explodes and try and jump on early.
3. You are the next one. You find something. You research it and trust your gut. Go hard in the sector/company and your thesis plays out correct.
— I keep imagining that professional investors have already done diligence and research and would spot opportunities better than I ever could, then price it in. So how can your average investor possibly compete?
Just to add on to this, do your DD and invest in the ones you think will come out on top (and if you aren’t sure then diversify) because undeniably there will be a demand for these companies from all western allies. And the supply chain risk is real, the US is not going to back off securing its own supply.
Have conviction and hold, or take your profit and leave. Have enough money for a massive pullback in case algos and a major news events shakes this up. This is a volatile ride we are in for.
These stocks have been going up 10-15% per day. If I waited for a pullback, I would’ve lost out on like 80% gains last week alone. I think the pullback will come, but the China meeting is still a couple of weeks from now, I don’t expect a deal until then.
Make sure you have turned on permissions for Australia, in your settings. You’ll also want to pay $11 a month for ASX market data. Search for the companies by name as the symbol is different.
100% agree with you, Trump can’t afford to not get REEs from china from the time being. I’ve got a bit in the market, waiting till that pullback to really go in.
As far as we know, he's in this for the long haul. Probably through 2027, I would think. It's going to be at least another 2 years before the supply chain can really be fleshed out and functioning. There will almost certainly be a pullback after Trump's meeting with Xi, but I only see that as an opportunity to buy more!
Funny enough, I had been investing in this sector (primarily MP) before Steve had posted anything at all, and seeing his early posts regarding MP initially only further validated my convictions.
Trump is determined to secure a new, permanent trade deal with China, but they're by far the most difficult to deal with. Whether or not there's a temporary pullback will depend on China easing is recent restrictions on its own mineral export supply to the US, or maintaining those restrictions.
actually the most probable short-term outcome right now: a healthy retracement after a strong run-up in U.S. critical-minerals and defense-aligned names.
I’ve come to the same conclusion and feel like him still being in shows that and think he’s stated in the past that this is still early days (although with everything already run up 100s of % there’s going to be pullback). However, this is a problem that isn’t going away and is a matter of national security. Also, metals refining is dirty work so having someone else do it has added benefits of the pollution being outsourced too, so the focus on AUS seems like a good one, not just in terms of the spin up time for onshore efforts.
I’m buying in now, knowing full well it may drop short term, because I’ve been dipping a toe in for over a month and now kicking myself I didn’t just commit because it think the long term aspect is sound. Mining shall be the speculative 10% of my portfolio that I hope will grow to 90%, but I can live with if it goes to 1%.
Thank you Steve for everything you do for the community. My only regret is I didn’t go more in on your positions. Seeing ABAT today is a beautiful sight.
Thanks for the insights Steve
Thanks Steve 🤙🏻🤙🏻
Steve.. 37. Man , congratulations and thank for sharing
Love you Steve , hope you’re having a great open like the rest of us!
Thank you for everything you do!! Congrats on closing in on $40MM
You're just amazing. I hope that with your help, I can give myself and my loved ones a better life.
Best regards from Austria
Amazing as always
Hey Steve. How do you go past ARR.AX?
Thanks Steve, as an Aussie down under, I love seeing you dig deep into the ASX!
Steve, do you have an exit strategy? I don’t get shaken by volatility much so I don’t think I’ll try to time my entry/exit but just curious how you plan your entries/exits?
Real quick for those that weren’t in these names before Friday. A deal will be reached between china and US because China has leverage (for now) so use that to your advantage and wait for a pull back so you don’t become exit liquidity for the algos. It seems a lot of people have eyes on Steve so please be careful and don’t just blindly buy into these names. Just like Steve said you don’t want to be shaken out if these names drop 20-30% in a day.
I’m eyeing this Friday or next Friday. What do you think?
His pf probably hit over 50mm with some of these tickers today. They are thinly traded otc stocks
Can you elaborate what you mean by „wait for a pull back so you don’t become exit liquidity for the algos“? I‘m not well versed in stock terminology. Thank you kindly
Wait for the market prices to come back down from their highs, so you aren't overpaying for a particular stock
A good rule for those who are new to trading is to always take a second to really think about their risk profile before FOMO’ing in hoping the train hasn’t left the station.
I saw Steve’s stuff months back. I thought little of it and many scoffed. But he clearly knows what he is talking about and trusted his thesis (as shown by his results)
A lot of people of come here recently after seeing his insane successes. The vast majority here won’t understand the sector, me included, a lesser amount won’t really understand trading that much (also probably me lol).
If you aren’t a full time trader but see this and try to jump on board you may, I stress may, be jumping in nearer the high point without knowing it as the short term run has already happened. So you don’t want to buy in and then after the meeting with china a deal is struck and other holders dump the stock having already made some profit.
You can buy in now, the price may go up or down, certainly in the short term (a deal with china). If you don’t want these losses but still feel there is long term potential (many here are inexperienced in the sector so in essence trusting Steve’s thesis) then wait for a likely deal and the stocks to drop then buy in then as you will come in at a lower price point and play a long game as the general view is the US will want long term security and limited reliance on china and thus this sector will grow in the future.
Thank you for such a thoughtful and complete response.
I’m curious. Where or how did you come across Steve’s stuff months back? And why didn’t you give it much consideration? I ask because I came here after seeing his results on Reddit and wonder how we might find and follow the “next one/steve”
In all seriousness I know everyone who sees this has panic and FOMO (me included) but really you will only find the ‘next one’ one of a few ways.
1. Read through a lot of stuff people say, 99% will absolute dross but you might find one AND THEN do your own DD. If it makes sense and it hasn’t popped yet you make a gamble and throw money in hoping it will eventually take off.
2. You blindly follow any tip on Reddit and throw money at random things hoping it takes off. This is not a good strategy unless you are loaded and are doing it for fun or.. get unbelievably lucky and come out with a profit somewhere.
3. You are the next one. You find something. You research it and trust your gut. Go hard in the sector/company and your thesis plays out correct.
There is no golden ticket to find the next thing, be at the very start or just before it explodes, do absolutely no DD and have the guts to go all in on a random play that you DON’T KNOW is about to explode.
Hindsight is 20/20, so many things in my lifetime I could have been in on the ground floor but at the time it was that, on the floor, along with 1000’s of other stocks that also.. went nowhere.
Read, research, make a thesis and then trust it.
Otherwise.. suppose you need to see what suddenly explodes and try and jump on early.
Amazing reply thank you.
3. You are the next one. You find something. You research it and trust your gut. Go hard in the sector/company and your thesis plays out correct.
— I keep imagining that professional investors have already done diligence and research and would spot opportunities better than I ever could, then price it in. So how can your average investor possibly compete?
Just to add on to this, do your DD and invest in the ones you think will come out on top (and if you aren’t sure then diversify) because undeniably there will be a demand for these companies from all western allies. And the supply chain risk is real, the US is not going to back off securing its own supply.
Have conviction and hold, or take your profit and leave. Have enough money for a massive pullback in case algos and a major news events shakes this up. This is a volatile ride we are in for.
These stocks have been going up 10-15% per day. If I waited for a pullback, I would’ve lost out on like 80% gains last week alone. I think the pullback will come, but the China meeting is still a couple of weeks from now, I don’t expect a deal until then.
Where are people finding these new ASX picks? I’m using IBKR and can only find one.
Make sure you have turned on permissions for Australia, in your settings. You’ll also want to pay $11 a month for ASX market data. Search for the companies by name as the symbol is different.
100% agree with you, Trump can’t afford to not get REEs from china from the time being. I’ve got a bit in the market, waiting till that pullback to really go in.
It has been volatile indeed for last 2 days
As far as we know, he's in this for the long haul. Probably through 2027, I would think. It's going to be at least another 2 years before the supply chain can really be fleshed out and functioning. There will almost certainly be a pullback after Trump's meeting with Xi, but I only see that as an opportunity to buy more!
Funny enough, I had been investing in this sector (primarily MP) before Steve had posted anything at all, and seeing his early posts regarding MP initially only further validated my convictions.
will he TACO?
Trump is determined to secure a new, permanent trade deal with China, but they're by far the most difficult to deal with. Whether or not there's a temporary pullback will depend on China easing is recent restrictions on its own mineral export supply to the US, or maintaining those restrictions.
actually the most probable short-term outcome right now: a healthy retracement after a strong run-up in U.S. critical-minerals and defense-aligned names.
ebuy on dips near support:
MP around $83–86
UUUU around $21–22
?
I’ve come to the same conclusion and feel like him still being in shows that and think he’s stated in the past that this is still early days (although with everything already run up 100s of % there’s going to be pullback). However, this is a problem that isn’t going away and is a matter of national security. Also, metals refining is dirty work so having someone else do it has added benefits of the pollution being outsourced too, so the focus on AUS seems like a good one, not just in terms of the spin up time for onshore efforts.
I’m buying in now, knowing full well it may drop short term, because I’ve been dipping a toe in for over a month and now kicking myself I didn’t just commit because it think the long term aspect is sound. Mining shall be the speculative 10% of my portfolio that I hope will grow to 90%, but I can live with if it goes to 1%.
Thanks Steve!
Thank you Steve for everything you do for the community. My only regret is I didn’t go more in on your positions. Seeing ABAT today is a beautiful sight.
Welcome to ASX Steve, Happy to have you 🇦🇺
Thanks for your valuable insight Steve, you save lives out here and I hope you know that.
Steve the rare earth God ! 🌍🌕🚀
What about bhp?