RE: TLW17 Jan 2020 14:37
noggers: "The trouble is with me I think 50p is to low to sell any, and you could easily get caught out, on the other hand when it does start to rise you always think that this could be the recovery, I mean be honest who would have thought yesterday when it started to rise, it would then go on to go down 15%."
I completely agree. The one predictable thing about this share, it seems, is that it's unpredictable. A couple of people here have made some accurate forcasts, a couple of times (thank you CaptainStanley, Mrd, matarakz plus others). Reliably enough to trust every forecast? Probably not. Much of this, despite lots of research and insights, is down to luck. People who buy in may be right, eventually, and the price rises, but they hoped it would take weeks and it actually took months or years. If you vow 'never to sell at a loss' your money can be stuck for an unknown period before you can play with it again, I've fallen foul of the urge to 'cut my losses' and move funds only to see, sometimes within minutes, I would've been better off leaving it be.
TLW has left made me anxious, depressed and elated over the last couple of months, sometimes all in the same day, and I wouldn't change it for the world. Today my portfolio (all in TLW) is slightly red. I'm tempted to do what you said, and I have exactly the same anxiety. There's no easy answer. Should I stay or should I go?
The spread plus tax is under 1.5%, so if I sell at 62p and buy back if and when it drops to 60p, I'll end up with more shares. The bigger the gap, the happier I'll be. A simple enough plan. TLW has shown us multiple significant drops over the weeks, they're a characteristic I've accepted and could benefit from. The risk is, clearly, when my pot is all sitting as cash, waiting for the next drop, what if it rockets up? That thought has kept me in, watching my life saving grow and shrink back with me kicking myself in hindsight multiple times. The two occasions I've decided to trade, I've lost out, selling low and buying high. As you say, you can't tell where it's going to go.
I'm green, and evidently a little jaded. I've got time to learn, and a pot to play with. I aim to play here until I become a paper millionaire, and beyond. I will benefit from many of the posts of wisdom, experience and good humour on these BBs, they've already added some colour to my life, long may that continue.
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