RE: chartst15 Nov 2018 08:42
I agree there are too many PIs who jump into stocks following pump and dump scams on Twitter and LSE, Lion is full of whining PIs who are trapped because of stupid trading decisions and now spend all their time blaming anybody but themselves.
I have a balanced portfolio, 50% in boring forever investment trusts and the other 50% in shares, including AIM.
My share rules are never invest more than I can afford to lose, normally 5% but with a 10% max. Take profits as a share is rising and never average down only up. I research, as well as I can, shares I buy, part of this research is reading these boards, especially the posts of long term holders as you find out their reasons for buying and holding. I do therefore forgive the odd LTH having the odd dream about multi-bagging if they have held through thick and thin.
As for charts, they are brilliant at telling you what happened in the past but why people then use straight lines to assume the future is frankly bonkers. I use probabilities in my professional life, Monte Carlo simulation etc., pure statistics using tens of thousands of potential scenarios. If I can get above 80% positive outcomes after adding potential risks, price of tin, cap ex needs, political issues, etc. then I am happy to invest. I have lost money but made more.
Have your own trading style fair enough but do not preach at others just because you know how to switch on a pc and open trading view. I think 3p is very achievable here. On another board (that I am heavily invested in) they have been banging on about a £1 a share for 2 years since they were sub 2p. Any “poor PI” who had bought in would have mult-bagged 25 times so far..
It is not the mult-bag predictions PIs need to check out it who is making them. There are a lot of LTHs who know a lot about WRes and I for am grateful for their input here.