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Standard Aston...high morn, then dip, then back up. Been trading off this all week. Sell on morn high, buy back on dip....rinse and repeat.
Just held today though, predicting through own theories and info from people on here far more knowledgeable than me, too lower a percentile dip plus it’s exhausting!
Truth is unless forced by a third party it’s just not possible to sell your shares and walk away. I don’t even take my own advice. When I have tried to take a profit and the price goes up I just end up buying them again at a higher price! Lol. The only real way out and I mean properly ie get your life back is for AML to go into liquidation and lose the lot ha ha I was in the same predicament in the dot com boom bust in 2000 and lost everything. Set me free until Covid came along. Ffs ha ha
Cheers guys. Some really good views and food for thought. Less is more sometimes. But then if you hit the top and buy on a drop you are laughing. Guess you just have to have reasons for doing what you’re doing and be happy with that and making money. There are some good ppl on this board. Other boards are toxic as anything. Cineworld is a shocker.
If you think about day-trading/selling AML, just keep reminding yourself that Toto Wolff invested millions, and certainly won't be checking the SP every day.
He's bought loads after conversations with Stroll, and playing the long game. He knows he will make 3-5 times his money imho.
78% of day traders lose money and surround themselves with constant stress, be more like Toto. ;)
I know if I had not sold/traded any shares I had bought and set a sell limit of a desired% of stake, then re-invest with same method. No doubt I'd be much better off. Setting a limit then sitting on your hands until it's hit, I've found sounds easy but isn't. Aml is one of the few shares I have bought and not sold or traded once. I'll be out at 71p whenever that is with a nice return.
Bsinkers....
This was Dimis answer to that question that I asked this morn..... He knows his charts....
‘Yes, it will /have to fall to 65/66p again briefly... but as two very experienced people on board said today (CC, RBM), we're gonna break 70p... today... No more resistance... We are on Big Wave 3 (1D)!!!’
Rox, I really appreciate your honesty, but you were also giving me the same advice in the 45-50p range, I honestly believe a lot of people don’t appreciate how big the spread is in % terms, often 5% each side of the trade.
I am trying to master the art of doing nothing, swapping & changing is expensive.
I want to buy more but don’t want to over pay and anything I buy in these sorts of ranges is going to be pushing my average up
So what we think the new low is going to settle at? I’m **** at reading charts hahaha
Dunnie you sound like a day trader in the making ha ha.
You should never really give advice but I’m going to give some but bear in mind it’s coming from a guy who has managed to lose a quarter of his holding in the last 2 months through day trading.
Selling shares is the hardest bit especially if you are under no pressure to do so (like Noobz who is now hanging from his Mams chandelier) but if you are genuinely happy with your profit then like Darren is saying sell say 1/3rd and “Bank it”. Now if the shares go up then remind yourself that it was the right decision “at the time” and don’t beat yourself up BUT if the share price goes down then hold hold hold and then buy them back and more. Ha ha what i think I’m saying is that there is no escape! Ha ha
Wow, you guys are bailing (or even considering) way too early. When you look back next August. This is a recovery play. . .ATB
Roxbury I did the same thing very early on when the SP was in the 30's i bought at 33 then sold and have to buy at a higher price so I've just been topping up whenever the SP comes close to my average which is now at 45p not selling out yet. waiting to buy the Aston with their money :-) (only joking)
Darren, that’s the sensible thing to do, but buying AML right through the lockdown was not ‘deemed’ to be sensible, and I ain’t going to start being sensible now.
Bsinkers YES sold half of my holding at 57 and 59 on Wed afternoon. Thankfully it dropped to just over 60 on Thursday morning so bought them all back with a slight loss. No more day trading for me ha ha Yeah sure.
Dunnie - sell half, keep half in. Or sell 1/4 or 1/3.
It's not an 'all or nothing' question. Unless you have a holding under, say, £2k and then the charges probably make it sensible to treat it as one big chunk.
Definitely not selling up yet. Long term holdings for me at the moment.
Now comes the hard part, do you sell & bag profit, which is always advisable, or stay in & often see a potential profit disappear.
Personally I think there’s a long way to go & would be sick if I sold and it jumped up, we have took the big gamble through lockdown & the potential of bankruptcy, now that the immediate fear of either has subsided then I think our gamble is maturing into a investment, aren’t we posh!
I bought in at 52 so great to see the steady increase. Not going to forecast where these could end up but my hopes are high for a continued rise and a more stable price!
A profits a profit!
But I always believed that once past the stumbling block of H1 results, with so much positivity in close sequence, SP was always gonna fly once let off the reins.
Sold some of my holding at 56p and 59p that I picked up at 46p and 49p coz they didn’t see this rise happening yet? Especially against wider market sentiment and movement?