Hi Profit, Thanks! Much agree. This seems a traders environment first & foremost. Something likely to continue for some time as sentiment dominates the banking sector. Not ideal for investors, but it suits my temperament. I've traded this more than a few times in recent months to decent effect (all trades in posting history), real shares & leverage.
But, like you, I'm keeping some back partly to cover any spikes up later & also 2 higher tranches from basically very poor decisions when buying in Dec/Jan. Errors par for the course.
Main thing for me is keeping confidence in one's ability to eventually exit ALL at decent overall profit. Never easy, but certainly very doable. - All the best!
A floor at 120 pence? Given the political foreground and economic background, I am not so sure. I have set a buy order for 80 pence (having sold my small position today, with a profit of £5!!! Well, we'll see what eventuates. Good luck.
Sold this morning at 142.98. Reasons: still hold at 223.67, 204.82 & 145.50 (all posted here) to cover any spike up. Plus a leveraged long at 139+ in another thread here.
Also mindful we've a huge gap at 186.95 from 23/06, next open 131, which will be very fillable when sentiment for the banking sector improves. That's unlikely soon. Despite periods of bullish clam, I think more fear-driven volatility likely later. - GLA.
For the last three days straight sp has risen & yet the shorters & people waiting for unrealistic entry points continue to go on about levels sub £1 as there entry point, the reality is in the short term markets have stabalised & sp will start a gradual climb until such time as we trigger article 50 or another EU country callas a referendum then I grant you sp will be adversely affected but neither event is likley for years
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