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Brockwl: good advice. I have another share which I regularly saw rises and falls of £30-40k per day and you do have to be able to just filter it out. It’s about finding companies you believe in and filtering the noise. You have to stay on top of it and avoid falling in love with any one share. You need to set an exit strategy (or at least a point where you will reduce your holding) and stick with it. It’s easier said than done, but it’s important to remove emotion from your strategy and just go with numbers. That volatile share I mentioned ended up being a 13 bagger for me in 5 years, and a chunk of them (not all) were sold to increase my SEE holding a few weeks ago as I feel that SEE’s day is coming. I still have about 60% of the shares in the other company, so my SEE shares are basically free but I’ve become used to seeing large swings like that and can deal with it reasonably emotionlessly. Not always easy, but it’s important to remember that losses (and profits for that matter) don’t exist until you sell. I’m lucky that all my SEE shares are in ISAs so fingers crossed I’ve called it right! As always, GLA!
You need to know the timeframe you are holding for and your main targets, and dont get tempted to sell if it breaks down on smaller timeframes if thats not your timeframe of holding. Its hard to sell a top, as it can extend at any point and you can easily sell on a spike way too early. You need to decide based on news, current sentiment, volume of trending and price action at that time when we get there. Price action runs very nicely at the moment and we are only in the wave 1/2 of the larger 3. this shows real strength of the move as the wave 1 went quite big so if the next wave 3 will properly extend we can be easily in 2 digits at the next move. I agree many will sell on but if the momentum keeps going and is supported with great fundamentals it will push even higher. So keep your head cool. You have been holding it for too long to sell on too early.
I will keep my main holding for multibagging min x10 from here (not to ramp)
Brockwl alas there's a few that have had practise at a six figure paper loss....... beyond that I'm saying nothing.
Brock
Many will bottle it iam sure. 10p sellers will be around. Then the 15p ones. 20p ones etc
Top up & throw the computer out the window & then check the SP Xmas 2021 to save all that stress
I shall look forward to it. I am encouraged that we managed to continue the rise both into and after close.
Added some more today myself.
Everything is looking extremely positive currently, and potential seems great.
It's so good of late, that it has made me have a significant think over the weekend with regard this share.
Unlike Brutus I haven't decided to increase my holding ten fold, (already have a lot), however the potential here has made me think a little, and whether I am positioned correctly, in the event of a very significant rise.
In my case I've realised that I have the majority of my holding in a SIPP, rather than my ISA, so I will eventually pay quite a bit of tax if this really does explode. I've also decided that I want to slightly increase my holding.
So from today I have started to add a few more and will look to rebalance across SIPP and ISA accounts, as opportunities arise.
As part of this whole thinking it through process, I also realised I need to get mentally prepared, for managing the inevitable ups and downs, which the price will take, in any serious rerating.
I'm guessing that most of the serious believers on here, will have at least 1M shares. If that's the case, as the price increases we could easily have days of 1p or 2p retraces. Assuming 2p that's £20,000 lost in a day.
One needs to be mentally strong to accept those sort of swings, and stay invested for the long term.
If we get to 10p, I'm expecting to have to handle at least a few of those types of days, if we get beyond, then the swings could get even worse.
No idea if I'm up to handling that and staying in for the eventual prize, but am trying to prepare myself for that possibility.
I mention this as now might be the time for others to give this some serious thought.
I'm sure I will top slice if we rerate seriously, but I want to keep as much in as I can emotionally bare.
God luck all.