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i nearly sold the other day when it hit 290 or 295 but then i got scared (newbie!) My plan was to sell and wait for it to drop and buy back in to increase my number of shares. does anyone here do this or is it pretty common? im thinking that it doesnt really matter the fees eating up a bit of profit because as long as the number of shares increases it doesnt matter when the price rises again, right?
I did it the opposite way last Friday. Thought it was going to drop and sold. Lost 16000 shares. Never again!
I've done that previously and did it today actually. Sold out, purchased back at the exact (very very close) value inc fees for a pure share increase.
Obviously the value is what really matters, but I believe ARB will be worth a lot more one day so the more stock the better, and if I don't actually pay anything more out of pocket, winner.
very clever! i think i will do it next time it rises back up to the high 200's. kicking myself that i didn't do it this week!
dont admit that - the moon boys on here don't like or believe this share will ever go down- lol
@nordell lolol don't show them today's graphs then!
Facts remain with a stock like Argo aligned currently with btc trying to trade will loose. As btc only long gain. Argo has everything in place to match at the least out usa counterparts so add if you can or just sit on those hands you will he handsomely rewarded
@tymers well, yes. but it does go up and down but with an upward trend, of course. surely taking advantage of those small ups and downs is sensible, non?
In my view what you're describing here is the fundamental difference between "Investing" and "Trading".
Two very different approaches / mindsets / dare I say 'underpinning philosophies'....
Different risk profiles in both.
Different pro's and con's.
If you decide you want to try trading you could hedge your bets by undertaking a 'combined approach', i.e. aim to trade-up 10 / 20 / 30 [whatever] % of your holding, that way if you judge the timing wrong you don't lose your entire 'position'....
FWIW I don't really tend to day-trade stocks for various reasons, but the two main ones being the time it takes to keep track & decide when to buy/sell - this is why people become full-time day traders, and also (mainly really) as I'm less tolerant of that type of risk [it stresses me out!].
I invest in Argo; it's a long-term commitment for me. Buy low & Hodl for Godl.
I trade Cryptocurrencies. For fun, really, but it also motivates me to find out more information about more of these digital token things.
Good luck, whatever you decide,
CC
Shorting yourself is a standard tactic used by many traders, myself included. But sometimes an opportunity comes along which isn't worth the risk of trading and losing stock, if the price goes against you.
Because of its close relationship to Bitcoin, ARB moves a lot, and although sometimes that looks like you could of gained money or gained more shares on a drop, for me its not worth it.
I'm sure many do and we have a constant rinse and repeat, but hopefully over time, more and more shares go into sticky hands and this will rise naturally.
This is definitely a pound cost averaging stock, and HODL....... Simples!!
BUY, BUY and BUY some more!!!
It's all about timing get it wrong it costs you! Currently holding long only gains
When it started looking grim I bought a few hundred shares of AG & some GME just incase the tin foil hat brigade were right and the end is nigh.
I've learnt that I would rather hedge against any scenario than sell my Argo.
Glasir,
As I posted earlier today, I tried to this morning but couldn't see it working. On the other hand, we opted out of Bed & Isa for my wife but have to wait for the funds to clear on Monday. So this is looking extremely good - depending on Monday's price, could end up with over 500 extra shares. Ppretty exciting times as those extra shares will be worth a huge amount more by Xmas. Her ISA could be enough to clear her mortgage & car loan or hold until 2022? Not against taking some off the table when the price/circumstances add up. Have a great w/e
I am personally at the point where If the price of the share doesn’t go up, then putting more money in is simply a junkie reaction to investing. If people continue to say it is an ideal Time To invest more at a lower price then they have not committed enough in their first buy ins. It is a case of realism to what you can afford to invest and then mentally what you can stand to watch sit in an account not earning - luckily our bank accounts give us more than enough of that
This share needs a base line we can be happy to sit at and move forward or back to and then call it a win
Or draw.
Fairly binary thought Kozzi, lots of variables come into play for each individual investor when they choose to commit more, but appreciate your personal position
I reached my personal risk tolerance a while back (guh).
No hate for traders here, takers everyone do make a market. I've been burnt before trying to be clever, selling all my shares then discovering that there were others waiting to hoover them up and being unable to rebuy.
We're all hear to make money.
I've tried this; it's a lot easier in retrospect. I tend to do it the other way round - I buy above my comfort in the dip, and sell them at a profit later, while keeping my lth number.... if you value a share don't let go of it! I play like this cos I'm bored, it doesn't really add to profit in a quickly rising stock.
SteveK , every rat needs a reward to keep pushing the button in the lab. Faith only goes so far; especially when you have been that rat before in another life. Peter Wall and me we could be mates in Texas walking the acres of solar panels. f@ckin bi LG smiley face
Agree everything easy in hindsight and the big fear for me is being out when it really moves up. lmagine being out 3 weeks ago in any of that mad fri eve - wed period and trying to buy back in.
Loads of studies that say the biggest gains happen to LT holders in general but I can see why people try it. My timing doesn't tend to be great so I just try and accumulate.
RC
I had a classic a couple of weeks ago where I banked the decent rise on argo from around 135 to 270 and then managed to make the same loss on RMS twice when trying to be clever trading and early wiped out all my gains.
The key to it is to anticipated big macro economic shocks like what’s been happening this week. With a bit more time and preparation I could made some decent cash on my US stocks this week.
Agreed RC. My timing also tends to be terrible; so I don't even bother trying to trade; it seldom works out. Just HODL.
I've tried it; generally goes horribly wrong!
Btc moving up again usa about even anyone who sold today pays more to buy back in. It's the way the markets make money from traders more buts and sells more money for them! So I added today as the pattern fri pm dip to monday up is consistent. Some look some see !
hmmm sell high buy low why haven’t I thought of that before
What a day. Topped up 13k at 2.30 very happy with that