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would have been a good day to start putting big money into the UK market - good job I did .
''big money into the UK market''
or filling ones boots.
T
''The very stock you were calling me out for investing in...''
I asked about you Metro investment and you said it wasn't one of your big winners - end of..
Why do I need to remember about Metro posts?
You have decided to look at them.
The end result is that I have some free shares.
Also I used big money to fill my boots in the UK market, which I have continued to do at the right prices on the right stocks.
T
Today 15:10
''Funny because you've going on about it enough.''
T
re 16.45
seems you never learn - trying again but same result
I have done well sine 2020 but I would of done better if I had picked other shares instead of buying into ones I knew that were still paying dividends, I’m new to investing so only just learned about share isa’s and how trade to make money.
T
''You were the big investor''.
You really are getting desperate
T
Today 15:10
''Funny because you've going on about it enough.''
You really really shouldn't have.
Knowing how many Metro shares I had bought on the 9th March 2020, I assumed that my posts were linked. Looking at what you posted, I have stated that I had picked up a few free Metro shares.
Where is the connection between filling boots and big money to the purchase of Metro shares?. It seems clear that big money was a reference to the stock market as is most likely the filling of boots.
Please reference a post saying that I had used big money to fill my boots with Metro shares to clarify.
The stock market had CRASHED over 2,000 points by the time of 9th March 2020.
Use some logic.
Metro is history to me, but you have decided on more futility making out a 'your busted' case, whatever that was?.
T
For your info I bought Lloyds shares on 9th March 2020 at a little over 40p - cannot be bothered to see if I posted it.
I am up 700% since march 2020 and not thank to UK shares. Have been trading for more than 20yeras and been waiting for a market correction like pandemic for donkeys years...
In my experience when the market goes side ways is very difficult to make money for a trader and definitely impossible if rates start to rise and QE is finished.
Right now it seems is time to step back from the market and wait for opportunities having done some good home work....this current correction could go on for moths and if you are trying to enter the market at any dead cat-bounce you'll get burned. Is not going to be easy because I have done so much research on so many stocks in to many sectors, that the temptation to get in when I see a 10% sp drop is going to be always there. I am trying to see some technical levels on main US indexes or to think at what feasible argument the media could come up with to justify an end to current market correction, but with end of QE rate rise and geopolitical going on it looks any rise will be sold off.
Again my advise if investing right now is buy little and be ready to average down....
T
You have LOST your trouble making Metro reference because of unfounded inferences, do you REALLY want to go through it again with Lloyds.
I will cut out the detail of every single buy and sale.
I have been a continuous investor for 25 years. On a previous cycle I was decreasing my shareholding up into the 80's in 2015 (at which time I had an average of low 20's on remaining shares).
I then made one or two purchases to increase my holding when it dropped into the 60's and then a a number of purchases in the 50's . I continued to make purchases when it went back into the 60's. I continued with purchases on the drop back into the 50's. 40's.30',and 20's with the final purchase at under 24p.
I also made about 25 SB's when between under 24 and about 30.
When the share price went a little over 30p I stopped the SB's at that time as I had moved above my average (large SB profits reducing my share costs).
I have recently made a further 3 sales of Lloyds giving myself an average price of 21.24p.
You really are desperate, are you not.
T
''21st Feb 2021 you stated your average was 24p''
I made sales on the 29th April 2021 and 7th Jan 2022.
I now hold at an average 21.24p
Theo,
Take it easy on LTI , he'll get the whole thread removed .
LTI how do you have an average lower than the 24p it went to?
psk
Maybe you should have read posts on the subject previously, then you would know.
So you took a profit basically and purchased more shares, once you sell your average is reset lti
psk
just for you -
For my own books I only consider that I have made a profit when I have received more back than is currently invested.
A purchase of 100 shares at £1 and a sale of 50 shares at £2, I do not consider having made a profit, but I would be holding 50 shares for free.
Lloyds owes me 21.24p per share before making a profit.
Clearly I could sell less than half of my current holding on Monday to make the remaining for free.
Can see why you see it like that for your own reference but it's not something that is accurate when buying and selling stocks
PSK wrote “LTI how do you have an average lower than the 24p it went to?”
If he divides the amount of money he has spent by the amount of shares he owns and that will give his true average. The right timed sales and buys with the same pot obviously reduces his average.
psk
''but it's not something that is accurate when buying and selling stocks''
it is 100% accurate - but not something the tax man wants to know.
Lti exactly and also stating you have an average lower than the share price has ever been may sound a little crazy.
I understand you do it for your own records but its not a true average if you know what I mean
Lti
it is 100% accurate - but not something the tax man wants to know.
Are you doing something illegal you bloody hypocrite?
psk
It is a true average. - The tax man just have their own rules.
Tax man would say that I have made a £50 profit in the example.
ww
''Are you doing something illegal you bloody hypocrite?''
what are you talking about ? - the taxman doesn't want to know what I consider an amount of money that I need to get back from sales before i consider having made a profit.
I make sure i have a buffer between myself and the taxman.
All my financial transactions are given to an accountant to deal with.
Lti you are reinventing your profits you cannot average below the lowest ever share price
psk
I haven't made what I consider a single penny profit in Lloyds.
What info the taxman gets is a different matter