The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Great post!
The current market is an amazing opportunity for new investors (like me). We will learn harsh lessons along the way.
My personal lesson was from cineworld. I bottled it and took a measly 10% profit when a few days later I could have had over 100%! I wasn't willing to risk going into the red but have since learned that instant profit is very very difficult to come access.
Trust your instincts and make sure that you only put in what you are willing to do without for at least 6 months.
For now I am going to keep cash, hoping for great opportunities to arise.
Good luck my friend, I hope the market is kind to you.
Thanks. I’m not at a loss as such. I was in the share from 120p up to 220 but then lost my shares with a stop loss on a sudden morning drop to 180p (where it sold even though stop loss was 195.)
That taught me to manually control my stops.
I immediately bought back in when it shot back up to 205 as I thought it was just a blip. Then it hovered up and down around there for a few days. I decided to pull a bit out for other shares and all week I’ve been considering selling my full remaining holding around 205 and buying Back lower or keeping cash for other opportunities.
Although my execution hasn’t been there my ideas have been right. I just need to have the self belief to execute my decisions instead of waiting for 205p break even for example to sell. 2-5% here and there on decisions like this is nothing.
I’m still up over all so that’s good although not as much as I was (70% up at one point).
I’ve found myself attached to a share because it’s previously given me a nice rise. I hold on as it falls when I know where it’s going... because I want it get back to its recent highs. Need to unlearn this behaviour and take profits.
Happy to learn these lessons and no doubt will be valuable going forward.
Also learn the value of having cash and buying in stages not all at once.
Wouldn't worry too much mate. The share price will eventually go back to 400p. It's just going to take longer than expected. I sold a 198p because I saw how badly the american market was doing. The reason I did that is only so I can rebuy a few 100 more shares due to the lower price.
Nex will rebound. If I was at a loss i personally wouldn't sell because this is an absolute no brainer. 400p within 6months - 1 year.
I’m learning a lot with this share.
If it was at 200p today when I saw NEX tweet I would have sold. (They tweeted the cancellation first and I saw it after 2 minutes). I didn’t because we were at 188 then and I was hoping it would go up in the afternoons as previously.
I’ve learnt today. If news that the market will see as bad comes out (and it’s new), sell. Even if you’re not at the price you want or you are under.
Obvious lesson but trying to learn lessons here.