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Im never emotionally invested into any stock I hold. By taking that aspect out of my dealings I set stop loses in all my holdings, around 15-20%. Obviously I hope it doesn't come to that but it minimises me looking at deep losses and praying that the 'good news' released will be a turn around story. Im not loyal - i will cut losers. However, if i see that it reaches approx +20% (including entry fees, stamp duty etc) I shall set my stop loss at brekeven. And 'Lock in profit' when i see it approaching 30% and setting stop loss at 10% and and let it run with that trailing stop. Past this point i shall put a shorter stop of roughly 7% until im stopped out and seek out other opportunities ..
Personally I'm not a fan of averaging down, unless the drops are down to political reasons or similar reasons, rather than company losses, in this case Pandemic, I have sold off less performing funds and shares, to raise cash to top up on ones I feel will give me better future profits, recent pandemic and Brexit have certainly, brought my attention to the good and bad, and Lgen for me have shown they look after their share holders a lot more than others, by continuing to pay dividends in difficult times, even though they were advised not to, so hopefully they will continue to do well
Bluebud, I'm very interested in your use of the the phrase "and locking in the profit". I enjoy arguing with my broker whenever she uses it, by pointing out that if I sell a profitable share to reinvest elsewhere, I haven't locked in anything. All I've done is shifted the risk from Company A which is definitely making me money, to Company B, where my fingers are crossed that it might be profitable too.
Years ago I spent time with a financially very successful commodities trader, who taught me the phrase, "Run your profits". In fact he taught me to average up, or buy more, as a profitable share rose. Averaging up has made me an awful sight more money since then, than averaging down ever did before that, because he also taught me, "Cut your losses". If a share doesn't rise as anticipated, or starts to fall more than 5%, it goes on the potential-haircut list & gets tossed before it hits the -15% mark. The reason why is irrelevant. I second-guessed Mr. Market, who doesn't agree with me.
"I got that wrong" was possibly the hardest thing to admit, up to that point & "averaging down" is a very beguiling siren song, but in truth, doing that is putting more cash into a trade that is going the wrong way, in the pious hope that it will turn round, & now wash it's face at a lower SP. But what if it doesn't turn round, or takes years to come good? And also, what about those other shares that are rising today & I'm missing out on, because my money is tied up in a loser instead?
These are just idle Friday afternoon thoughts & certainly NOT criticism of you, or anyone else commenting here. We're all in this to make money & find winners, & I just thought I'd share some strategies that have worked for me. Of course, I do have to be sensible if an averaged up winner really takes off. I went into SMT two years ago and am now up over 150%, having started top-slicing between October to December, & reinvesting the cash in other Baillie Gifford Investment Trusts.
Which leads to a final thought: The FCA insist that all printed material says that "Past Performance is no guarantee of Future Performance". Imho, that is purest twaddle & dead wrong. Good management of plc's and good managers of funds hit purple patches. Some keep it up for decades like Lord Weinstock at GEC and Anthony Bolton at Fidelity SS. They are people to follow, no matter what the FCA says. Poor managers are just as easy to spot as the Baillie Gifford's. In fact, I reckon they're easier to find in funds, because funds are ranked on websites. Show me a one that is 1st or 2nd Quartile for the past 5 or 10 years and there's a candidate for the next shortlist of possible buys.
LGen has been a holding for 3 years. I don't know why it won't rise substantially. Everything tells me it should be over £1 more than it is, but it stubbornly refuses to budge. Mr. Market doesn't love it, but it seems well run, the dividend is good, seems stable & it's a good diversification. We'
To clarify i am not a gambler - i am a medium to long term investor myself and just asking the question to see what investors' opinions were on where this will be within 6-12 months so i can envisage potential returns and locking in that profit.
Spot on Eccles & I respectfully suggest that in the main we as investors are of the older vintage & the gamblers are of the younger generation. Wish I was a gambler (again). GLA
TBH I don't actually care very much about the price as I am an investor which I define as a person who buys a stock in order to get a decent regular return. LGEN seems to be able to do this and thus they slowly but steadily grow my wealth for me. If you hope for quick profits you are a gambler and they are not known for being specially good at growing their wealth.
bluebud wouldn't surprise me if its around the £3 ish, and with good dividend, I for one will be quite happy, just my opinion,
as always DYOR
Going higher, and I should expect a good divi soon.
What are peoples opinions on this stock for the next 6-12 months and price expectations?