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Last year I missed out on about MILLION$. The numbers I picked was not match with EuroMillions jackpot numbers. Also I missed out the chance to be Musk, Bezos or Zuckerberg sperm which was met up in the fallopian tube with the right egg. There I missed out about BILLION$. I definitely make mistakes pff
Darren - I think your strategy is correct on AIM particularly because timing is EVERYTHING in this market. That said I'm not so sure that buy and hold does make so much sense these days; my reasoning being stated simply in the first sentence.
The following pretty much sums up my strategy:
1. Good price - valuation cheap/reasonable
2. Timing - get your timing wrong on AIM and you either hold and tie your capital up or exit with loss
3. Exit with profit - is the name of the game. I don't always have a target price.
Olderandwiser - I agree with you re: traders not talking about their losses but I've already said on here (maybe another board) that I think I've missed out on about £250k in 2020 on selling up too early looking for lower re-entry (TSLA, GLEN and KAZ being the most painful examples - TSLA alone I lost out on £120k). I definitely make mistakes.
I'm a big fan of trading in and out AT THE RIGHT TIMES and I have got quite good at it and will always continue to do so.
But I do get that for most people buy and hold makes sense.
Br, what's the matter?
I wish we lose all of our money, because seeing what make your life complete from the profit you make it makes me sick. I am sure you even believing you give something to this word, but you only take. Forums like this is a self-justifies gathering, it is no matter how big self-proclaimed trader/investor you think you are. If you feel needs to comment here, your life must be empty and pathetic, just like mine.
Ignore last comment - was meant for the Scancell thread ... duh !
I think may be in the process of completing the right hand side of the inverse head and shoulders (yesterday's dip took the right hand shoulder to the correct position to mirror the left hand shoulder) which started forming in early September 2020. If this is the case then this may be the beginning of the next leg up.
Ah yes," Lucky Buffett"... (I'm kinda kidding). He did exactly the right thing at the right time I just don't think how that policy can work in this day and age when so many disrupter technologies spring up almost daily. (apparently the average time he holds a stock is 7.5 years.... We will make a Trader of him yet ....) :0))
Regarding strategy LTB&H has served Mr. Buffet well over the years. Buying into a growing company that pays a growing dividend that is reinvested to gain more dividend will beat a trader over the long term. When warren challenged an actively managed hedge fund not that long ago he won the bet and made even more dosh. Charts in hindesight always show good entry and exit points but not easy in real time.
My hope was GGP would be bouncing higher at this point before FDA so I could sell some GGP into AGL. Seems theres a few of us GGP/AGL!
sold half of mine GGP to pile into AGL
sold half of mine to pile into GGP
Older, certainly trading comes with more immediate losses and gains as opposed to LTB&H but LTB&H is also hardly without its high risks.
For instance (given its LTB&H and you are more or less meant to buy and forget.)
How has retail done? The banks, the oil sector? These even 10 years ago but certainly 20 years ago, had you left in those sectors it would have been a bloodbath. And at the time these were Blue chip super reliable.
FWIW I think LTB&H was the right strategy during the 50's onwards but some years ago it became obvious with the speed of technological change that no company could be viewed with even a 5 year window. So how anybody is meant to choose the company now and then think in 20 years all will be, well is frankly just a guessing game.
Tesla today? Sure, but what about hydrogen fuel cells in the next 2-5 years? Who knows?
I think the game is a lot tougher now for everyone. GL
Trouble is, Darren, that traders bragging about their wins rarely post up their losers also. Funny, that.
Best to buy and hold for the long term if you believe in and understand the fundamental story. It's been proved time and again.
let's hope so!
I'm getting ready to add at 75 hopefully....
Hi Darren, yes fair play indeed, you got it right! well done. (hopefully your "bragging "rights will be short lived as it rises again and makes 90p a "do you remember when..." moment! ;0)
phantom, that's fine - your decision. but actually sharing your views and thoughts may well be really helpful for others reading.
I know that I have said some sh*t in the past but there are definitely people on here who have listened to something I've said and made good money from it.
Definitely more interesting to speak of company matters Phantom, but I think it's ok to share strategies - it enables a balanced view IMO, but each to their own. GLA
Not for me. I prefer posting with regard to the company and it's technology. Once people start start posting about trading it starts attracting manipulators. I know how to buy and sell stock as it is my only income for 4 years. But I keep it to myself
Phantom - that's kind of one of the roles of LSE chat no?
Is it just me that is getting fed up with board being littered with posts of individuals trading strategies. What are you all seeking a pat on the back?
a few pence is always worth worrying about researcher!
I sold around £30k's worth in two chunks at 83 and 84 last week. If I buy them back at 75, I've got 10% more shares and when I go to sell those shares at £1.50 that makes a very big difference.
It's not for everyone, I get that, but if you can trade in and out while you're waiting for news, and do it successfully, it makes a big difference.
I'd say it accounts for 15% of my profits each year. If not more.
Buy and hold is great but trading (successfully) is better
a few pence not really worth worrying about - as it seems most of us are here for the big prize, north of £1.50 in a month (or so) and then onward to £4 and beyond....
Wyndrum - hate to say I told you so! :)
I think we see 74 test here and then bounce back to 83/84.
If I see 75 on the ask I will buy buy buy.
or could just be normal recent pattern of down in the morning then raising in the afternoon? (fingers crossed)