sorry to jump into this conversation but its the most sensible thing I have read on LSE for a long time ...I agree fully with you that there is no magic strategy....you only need to look at broker prices to see that !
I agree the bank rally may peter out prior to mid June but its always difficult to accurately predict when is the best time to sell or buy ... I work on a 10% profit margin unless holding long term so for me BARC is a long term hold along with GENL...I would like to get into STAN but am waiting for it to pull back (might not happen !)
I am holding long on LLOY for a minimum of 18 months and am suggesting it will net me a very healthy profit of at least 50%
I did hold CPP for some time trading in/out leaving with a healthy profit but that company was also a gamble...I did hold afren at the bottom left with a healthy loss !
My current gambles (after all that is what the stock market is !) are MXO/OPHR
Morning mate, no I didn't buy tesco, I still own nothing having sold Barc & lloyds at good profit , yeah I thought last week it was right strategy to play safe , bank profits & wait for pull back, yesterday's rise surprised me, your right patience is key but it's not easy watching shares you've just sold keep rising as your waiting for retrace, can't win them all, all the best Nims GLA
Pugsy the main question for me is if Britain remain in EU then will things be any different to this current moment, I.e will be in a better/ worse / constant position and if brexit happened what impact will it have on our position? If we remain then we know the answer as why should things be different. If we leave we are in an unknown position, I.e. Will taxes rise to cover any costs due to lesser trade with EU, will house prices fall allowing more FTB, will the base rate go up? Etc...
Thanks Nims appreciate the advice. I think both you and Barb have convinced me not to hold the profit now but to sell and reinvest. It makes sense, I have to admit. At the moment, I just invest in FTSE 100 stocks after quite a bit of researching. I am in BARC and LLOY as well as a small holding in IAG. Currently staying with them and will now sell all when they reach the target prices you indicate. searching for others and monitoring EZJ amongst them. I quite like BARC into 2017 though and will see how they stockh is towards the end of this year, if LLOY has picked up by then. Thanks again and good luck with all of your investments.
Unfortunately there is no magic strategy, different techniques work for different people. I tried leaving in profit for free carry format, but then ended up with a huge portfolio of dead wood. It does work and I understand the strategy. But as barb says u will have to pay fees and that will eat into any lost profit. Safe and steady is best way. I'll be honest I made a fair bit trading in 2008 to 2010 with lucky trades, and I left profit in rather than enjoying the money. 2011-2014 my portfolio got hit hard and lost a fortune. I was lucky that I had a fortune invested in dpl and rrs that saved me and in 2015 I went back to school did not invest and studied many techniques and did my first proper trade last sept. Now I am starting to make money and enjoying the money. Patience is key, I'm quite fortunate as have a small mortgage and my portfolio can cover it. The trick is don't go for big time money, the market is not a casino like many think, although there is an element of gambling, especially in aim. I have picked up 2 new trigger stocks if you're interested BBA and RPS both look like good recovery plays. Wait for a 3% drop on them both and then there is a 15-18% upward trigger. Over 3-6 months. Again as they are not ftse £100 I will not invest huge amounts, personally £1k max, but if you make even 12% on each that's a decent profit to carry into your proper purchase on a ftse 100 stock
Nothing wrong with selling early. You're right I don't even think warren buffet could even play this market the way it is. The issue is all companies have huge debt and there is more geopolitical issues than in the past. That saying the brexit, bremain vote will have a massive impact. So many views by all experts are leaving people confused, just hope everyone makes the right choice (please don't ask me what that choice is, even though for the charts I know what it should be). If you're in profit enjoy, I know many are in losses. I saw Tesco rise, well done if you have managed to ride it. I bought the more steadier Sbry at £2.60 It dropped far below my £2.72 buy target, but I am happy with £2.60, timing and luck is everything, as I was going to buy at £2.70 but never got to execute the trade due to other pressures. Picket play it safe mate. I have been burned so many times it hurts, so I am very cautious, it's by chance I stumbled across Ben graham, did loads of research and realised that it's not hard to make money on stock market, but u need patience and do not expect millions. Play safe make profit n spend the profit, or save up profit for a house/car holiday etc...
Sound advice, I pulled the trigger a litlle early getting out I think , same as you Nims any fall back with Barc or lloyds I'm back in, Einstein couldn't work this Market out at moment even tesco was rocketing upwards today GLA
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