Based on the past 2 years after a drop of 25 to 40 points .. And the after any further drop... Holding has achieved in most cases a profit in the end .. .. To me..... I just have to wait longer.. To get into my15p profit sell..
Not so much a trade going wrong as to getting the timing right... As the possibility of getting the timing correct is remote .. Buying too early on a drop and selling too early on a rise .. Will happen .. But not an issue if a profit is achieved .. Some profits will be bigger than others....
All this has been the case while RBS repeats itself, by going up and down in the current range bound price area..
To finish ... nothing is more certain than uncertainty.. .. And greed is your enemy .. Waiting for a bigger profit can loose the profit you may have on a quick drop.. .. The choice is always yours.. When to buy and sell..
Thanks for that, the only thing I'm not sure about is where to draw the line on a trade going wrong.
I think you and a few others bought on the 3.30 level after the dip, my question is what would you have done if the shares continued to fall ? Would you close out after 15 to 20 pts down or simply hold long term till it rose back up come what may ?
Oliver Holborn,"We are definitely seeing more interest from institutions about investing in RBS. If you speak to institutional investors they will tell you that (RBS Chief Executive) Ross McEwan has made very good progress this year in terms of trying to make RBS a simpler, better bank," Holborn told parliament's Treasury Select Committee on Tuesday.Reuters reported earlier this month that the chances of the government selling shares in RBS had risen this year and that it saw a first sale as being possible in the next two years.Shares in RBS are currently trading at 358.5 pence, well below the government's 502 pence a share buy-in price, leaving taxpayers sitting on a paper loss of nearly 13 billion pounds
After a 25 to 40 point drop it has recovered in the past .. To gain a profit of 10 to 15 point profit which is my usual guideline
I act on the SP movement not on any predictions... I act on my own theory of investing as some here already know...
So long as you buy lower and sell higher .. then profit made ... job done... then repeat... never regret on you could have done better ... that is life you will rarely get just right. .. be thankful that you made a profit.... greed can often blind your vision.... and create a reduction in a profit or worse a loss...
This share has been going up and down the past 2 years regardless of any current news... if this trend continues then the opportunities will continue to present themselves... to buy on dips and sell at a higher level...while it is range bound
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