Losing a sense of direction

Monday, 29th March 2010 13:09 - by Boredmum

I’m not sure if anyone else can relate to this, but I seem to have lost my way a little on the markets lately. I think it may be as my shares are pretty much stagnant. Unfortunately, when that happens, boredom sets in and that can be a dangerous thing. Certainly over the last month there has been little increase or decrease in my overall portfolio. Certainly some shares have risen and some have fallen, but the general consensus is that, overall, things are pretty much the same. So, of course I decided to let my Toledo Mining (TIDM code: TMC) shares go at around 31p, thinking that TMC was just doing the usual thing in its trading range. Three days later and the bid was 37p… I don’t know where the sp is just now as I was so annoyed I removed it from my watch-list. Unfortunately, TMC seems to get me every time. If I sit and do nothing the price falls again, though if I sell it then shoots up higher than it has done in a while - I just can’t seem to win. However, I did take a small profit that I should be pleased with. So, I reinvested with Shanta Gold (TIDM code: SHG). I only wanted a couple of points but that didn’t happen. When the price dipped and I tried to sell, I could get no quote for my shares. It seems to have steadied now, but I can’t help but think that I’m stuck with something that was only supposed to be a short-term trade. Is it any wonder that I seem to have lost a sense of direction with these mishaps? Don’t get me wrong, I have done a little trading with some success although I can’t help but think that boredom is starting to set in. Although I did have a little sense of excitement on Friday when Kopane Diamond (TIDM code: KDD) started to rise. I have been very indecisive over the last week; shall I sell half my portfolio and use the money to trade? Shall I sell half and have some fun with the money? Shall I do nothing and leave my investments? I think that the likelihood is that I have just been waiting for so many shares to come close to a target price and I know from experience that this is a dangerous time. Sell out and miss those targets just because of boredom. I’m sure I’ll find my way again.