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I tried it with GLEN (a volitile stock also) years ago and ended up losing 1000's of shares, never tried it since. HODL for me even though im currently £19k down (£51k on the day!)
I've read so many times, here and on the Avacta board, of people concerned about setting up a Share ISA and losing money in the movement of existing shares into the ISA due to the time it takes. I opened up my first ever Share ISA on Wednesday. I sold 20k's worth of Argo (6803 shares), early morning and had to wait until it cleared today until I could transfer it into my H&L ISA, then this morning, extremely luckily, I managed to buy 8308 Argo shares for the same money!! Absolutely not boasting but I just want to point out that it can obviously go both ways, with a bit of luck. I'm now wondering when the opportunity might come to do the same in my wife's newly opened share ISA without it going the opposite way (losing money). Hodling like many here and actually feeling very calm in my investment.
Got my black n gold Argo T-shirt which is fine quality and the better half things I look like a twat in it so I'm wearing it loads.
Gool luck, keep the belief and hodl strong.
Cheers
JT
1st time poster on ARB and an honest opinion, be gentle please. IMHO I think ARB is a traders dream as well as a LTH. If im correct bitcoin (which I believe ARB is heavy into amongst others) will be fully mined in 20years which will have either a massive up or downside, with the way currency is going and crypto and bullion being hedged id say probably upside. My funds are currently invested elsewhere with absolutely no wiggle room (thats aim for ya). Ive been keeping an eye on ARB for a month or so now and see up 10%, down 10% daily. ARB will be my no.1 trading pot once I get a payout elsewhere and have some spare cash. I'll be setting low buy limits and high sell limts on a daily basis as im sure many on here are already doing. Skimming out my initial investment and continuing with whats left on a long term basis with hopefully a few skims along the way for treats. See how that goes lol GL everyone and good advice always respectfully received.
2140 before all BTC are mined out.
Read the article in December 2020 lol
I hate to be harsh as it's your first post here but you if "believe" ARB is into Bitcoin and you think Bitcoin will be mined out in 20 years, I think you should do half an hour of research before investing here...
@All; Man, I love the discussions on this Board....
@Liamoghh - great conversation you've started here; hope it's giving you lots to think about.
@deemon1981 - Agreed; there are patterns we've picked up on here - typically dips prior to the USA market opening also. As I said earlier - I'm less likely to trade ARB as I won't risk losing any, but I am constantly funnelling funds from elsewhere and increasing my position on the dips. If you do decide to take a traders approach, fair play to you - just watch out for the re-rate; you don't want to be left on the side-lines when it occurs, and I think the next step up will be another decent one.
IMHO / DYOR etc [you already did, it seems!].
CC
Armanensia - Didnt do much research to be fair in my half hour research sesh but what I did pluck out was bitcoin and various crypto which peaked my interest as I do wish to invest in crypto at some stage, hence my 1st post on this page and my chosen oppertunity. After that it was the share trading pattern that screamed to me.
coincollector - thanks for your reply and advice on the re-rate. Ive watched shares im invested in dip and bouce while refusing to trade as agree with the fundementals and also spiked on one. Regarding the re-rate it's a 50/50 if you get spiked or not. Regardless with the volatility of crypto I feel that even if you get spiked you will have the oppertunity to sell or average down depending on how you feel about it at the time. As i mentioned Id like to build up a decent stock here with a new car along the way. Fingers crossed.
GL All
I decided to try trading with a batch of Argo shares once. Sold 20k shares to play around with, just as Elon Must changed his Twitter bio to include a Bitcoin sign. Not tried any trading since and have also joined Twitter.
@deemon1981; No worries, just my opinion obvs, and I'm sure you'll decide based on your situation/objectives.
FWIW - it seems like you have spent some time looking at trading patterns, which I think is sensible if you're looking at trading, but I think you will need a decent appreciation of the fundamentals to some degree too, in order to react to situations as they develop - with Argo being quite dynamic/progressive there will be an increasing amount to keep your eye on [which is why I don't really have the time for day trading] - Not just current BTC price, but wider aspects like the Texas dev [planning / power / JVs?], USA/global politics, Elon Musk randomly tweeting something etc....
@Tiedintransport; that sounds harsh, and there's no predicting it, so nothing you can do other than hope there's a dip to buy into.. ..I guess that's the different risk profile to LTH'ing and Trading. Don't blame you for trying it though, and you shouldn't second-guess yourself now - it is what it was?
CC