What the Cold can do. What Coal is doing.
Day 24
Sharing a note I got from one of Live Better Now’s readers. It’s about the Cold.
Breathing [Wim Hof, etc] since December. Meditation over three months. Cold showers for over three months. It’s this last one that I think is/has changed my life. Facing the cold every day makes you put your ego aside. You enter focused on being your best in that moment. I am a week now going to bed at a healthy time…. And I’m no longer letting my ego tell me “one more beer”… Now I’m clear each morning… Cold showers may have saved my life.
We always want to be told why. Why should I try this or that? We want something scientific. By how much exactly will I feel better?
I simply say, experience it. Find out for yourself. Fight your fears and go for it. You’ll see what happens.
My experience is very similar to the reader above. I’ve been doing the cold a bit longer, nearly a year now. It’s very, very humbling to still be scared of it every morning. You know I need the humility.
I’ve been asking you to join me in trying the cold showers. Just do one. Just do a few seconds.
I do it every day. I often comment about my experience in our Cold Water Thread.
Meanwhile, coal rebounded nicely today, with highly volatile Ramaco (METC) leading the way, up 13%. Alan Baerlocher has a nice post up today detailing Jerome Powell’s comments that calmed the markets.
Outside of penny stocks, Ramaco remains our top gainer this month:
Name Ticker $ start $ now $ gain % gain
Arch Resources Inc. ARCH $77.60 $78.16 $0.56 0.72%
CONSOL Energy Inc. CEIX $23.14 $24.54 $1.40 6.05%
Natural Resource Partners LP NRP $20.62 $21.58 $0.96 4.66%
Peabody Energy Corporation BTU $15.65 $14.03 -$1.62 -10.35%
Warrior Met Coal Inc. HCC $22.31 $22.43 $0.12 0.54%
Alliance Resource Partners LP ARLP $8.50 $9.38 $0.88 10.35%
Hallador Energy Company HNRG $2.37 $2.29 -$0.08 -3.38%
Ramaco Resources Inc. METC $9.10 $11.32 $2.22 24.40%
Corsa Coal Corporation CRSXF $0.36 $0.5200 $0.16 44.44%
Buffalo Coal Corporation FBMCF $0.0149 $0.0285 $0.0136 91.28%
Washington H. Soul Pattinson & Co. Ltd. SOL.AX $35.79 $35.62 -$0.17 -0.47%
But you can’t ever play with penny stocks. I recently wrote:
You have to be weary of the penny stocks. Buffalo Coal is a fun pick for a game like this, but realistically you have bad odds.
Over the counter stocks have thin volumes and you pay a hefty commission
Thin volumes mean a wide bid-ask spread
The bid is the amount currently being offered to buy shares from you
The ask is the amount currently being offered to sell shares to you
Often these spreads are double digit percentage points on penny stocks
That means you are forced to buy at a price 10-20% higher than the current one, which is fine only for gamblers thinking they have the next 3,000% gainer.
You probably don’t have the next 3,000% gainer…
So in real life, stay away from the penny stocks.
Today is Day 24 of the North Korea Liberty Challenge. I’ll be donating $500 to Liberty in North Korea on Day 30. I’m enjoying this journey. I hope we have even more fun in the next one.
I’m going to leave you with a clip of Yeonmi Park explaining the difficulties of escaping North Korea. I hope you’ll watch and consider joining me in donation.
Sign up now and learn about the power of combining human action and human wellness.
Follow me on that Twitter @DavidfromLiveB1 and on Gab at gab.com/livebetternow.
Penny stocks are risky due to liquidity. Like you stated, when you are missing that big pool of buyers and sellers, bid-ask spreads can cause headaches and heartbreak. Also, if you are trying to offload a large amount, it can take days or weeks for buyers to show up. The payoffs can be similar to options but the liquidity risk is much more extreme.