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PG, Jayne you are so, so helpful. Thank you. PG how long have you been doing trading? Your knowledge is incredible. You two are so kind and great at dishing out good tips. Charles great to see your comments too. Yes, went out for some coffee this morning with my friends as have a day off. :-) Have a good day everyone and hopefully we can see a pound sign very soon. What could be the next top price we could see before things going down again?
Hi Marna, that's great advice off PussyG. Good to hear you averaged down a bit, a sensible move. :-)
Many of us have lost money to begin with, but you can make it back if you're sensible. Shares rarely go up in a straight line, as the old saying goes! We can learn a lot from our mistakes. Always do your research before buying and until you're confident, I'd advise you stay away from smallcap AIM shares which tend to be risky and volatile. Be sure to diversify your portfolio too across sectors/holdings.
If you haven't already, work out your SP average (including costs) because it'll be easier to decide your strategy from there and calculate how much the SP needs to gain (or lose) before you sell. Costs can really eat into profit.
I'd seriously consider just holding and not even attempt to trade when you're early on in your investment journey. It's like trying to run when you're only just learning to walk! Same goes for a lot of the companies on the AIM market.
PussyG made a really important point about rampers and derampers too, unfortunately most discussion boards are plagued by them. Good luck and if you're confused about anything just ask. :-)
Hi Mana as jayne says it really depends on what your risk levels are. I started investing many years ago and always had managed funds. Ie where the fund manager makes the investments for you based on a risk assessment. They’ve all done well but I never ever look at them until I receive a statement every year . I am sure there were times they may have been down, in fact at the start of the pandemic they most definitely were but my fund manager told me not to even look so I didn’t and I’m glad as if I had of i may have panicked and been tempted to sell. They lost 30% but over 18 months are now back to a healthy profit. I’m happy to leave those investments to grow . Trading privately is different as you tend to constantly watch the share price and can easily be panicked and may sell or indeed buy at the wrong time. I’ve done this on a few occasions and I’m holding shares that are in a loss . I know they will eventually recover but I may have to wait up to a year for this to happen, maybe longer, however I’m prepared to do this. My advice is never invest anything you aren’t prepared to see go down in value or indeed more than you are prepared to lose. Decide what profit you are happy to make , it could be as little as 10% . At the end of the day profit is profit but you only get it if you sell. Likewise with losses. Make sure you do lots of research of your own into the companies you are investing in too and don’t let others influence you on the boards as there are people that ramp and also people that deramp shares for there own gains. Everyone wants to make money but everyone’s circumstances and risk factors are different so there is no right or wrong way to do things. Good luck with your investments
Hello Jayne
No, i haven't managed to sell anything but added a bit at lower price. I was so scared to press that button, hahaha. Lost to much money previously and it scared me. I am still watching and learning as I am still baby in this field. Hopefully next time. Oh gosh, did I really say that? Thank you for asking. Please post as many comments as you can and find time as it really helps.
Hi Marna, Hope you managed to average down? If you're going to play a bit, I'd advise you have a strategy, do the maths and set yourself limits. I find it helpful to write notes as it's all too easy to get carried away in the moment. :-)
I think I am ready to play a bit next time with a little bit of money. I always get scared and just hold. You are all so helpful in here. Good luck with your holdings.
Thinking this is the next up lift from c & h pattern now. 3 days shake out then prices rise. Exactly the same as last time but over a shorter period. The chart pattern is pretty text book too. There will be profit takers of course, but it’s a bullish pattern