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A superb day especially after I sold some Ncyt to top up here with. Glad it was 20k especially with that finish.
What a crazy year this has been in so many ways. If this goes over £1 it would be even crazier. I have never seen so many trades like this all in one year . I just hope those new to the game don’t get over confident and start losing it next year. This really is a one off year we probably won’t see again for another decade I reckon.
You can tell what a crazy trading year this has been as now everyone expects instant profits. It’s like loads of pot noodle traders have appeared. Just add water and your in profit.
Markets don’t work like that, you have to accept the losses, no one wins every trade. It’s about how much the wins are over the losses. I’m down massively on SYME right now but I’m patient. It was the same with Ncyt earlier in the year but now look where that is. It’s only a matter of time before this blows up just it takes a bit longer than a pit noodle. Think of it as cooking a proper meal then doing a taste comparison with the pot noodle. One takes longer and gets better results.
Claire Smith that's was very clear and simple to understand post. A great post for anyone new to syme to look at.
If we do get Amazon on board I reckon I could buy my kids a house each !
I’ve put a fair bit into SYME as I can see the huge potential ahead of it. Let’s be honest this year has been a mad year and abnormal in so many ways. I’ve personally done very well thanks to NCYT and other Covid stocks. EUA is my only Mining stock and looking forward to see where it ends up. It’s been interesting seeing the amount of posters who are new to trading/ investing “giving it a go”. . I see that as jumping in a car without a single driving lesson and tearing off down the motorway...
I just hope they don’t lose what they can’t afford to lose in times of hardship.
The psychological aspect of the markets is what many fail to realise when they “give it a go”. I was down on one stock 20k the other day but just did nothing Bought a few more at a cheaper price and now it’s only 7k down as it’s risen.
It’s not for everyone especially with all the noise on the forums from the tampers and derampers playing their games.
Good luck everyone, enjoy the ride and scream if you want to go faster !!
You are on the money with that post comparing with Ncyt weathergeek . I’ve been Ncyt from 90p and watched the deramp crew doing there thing exactly like is going on here right now. Loads thought they had got shafted but into Ncyt at £4 yet now after several months of sitting on our hands those who did nothing are about to be rewarded. I can see it rising to the £12-15 range soon. I see a similar thing with SYME. I’m happy to admit I’m on a loss right now after buying back in on the spike after originally getting in at .12 then selling. Will most likely top up at these lower levels then wait. And that’s the hardest thing in investing I think, just doing nothing and being patient. Ignore all the noise and really research what you are buy into. Then you become immune to the deramp mob.
I’m in for just over 6.8 million shares. Currently down a fair bit but holding. Already been in and out fro. 12 to .60 then back in on the drops. It’s not often you see a director buy in huge amounts at the higher prices. Seen this with Ncyt and after a lot of price dipping it’s come through and shooting back up and beyond. Just need to be patient which it seems is hard for a lot of investors.
I’m 12k down on SYME but not sweating. This happens a lot as the price is manipulated down only to fly back up. Lost out in the past selling on the drop, now I’m more patient. Odx and Ncyt really dropped yet this week both are back up and on the move to greater things.
The more I think about SYME and it’s concept the more I realise how big it could go, it really is potentially the share of the decade for me. It’s this flys up I can retire early and live really well.
I’m not familiar with what happens as a firm becomes a midcap. Will this mean a huge rerate and minimum sp ? What are people’s opinions on where the sp will go apart from up. I’ve been in and out since 90p and still deciding on an exit point. This share has done wonders for my SIPP on its own without the other opportunities there have been.
So what’s everyone’s thoughts on the SP ?
What you also need to appreciate the trading conditions this year are pretty abnormal. I’ve increased my SIPP a stupid a amount compared to previous years. I’m also aware it’s a limited window of opportunity to make quick cash before the markets correct as Covid really hits economies worldwide in a big way.
I can see why your considering this but we are all different. I also have a decent final salary pension so can afford to invest aggressively within my SIPP.
Only you can decide if the risk versus loss is acceptable for your situation.
8p sp and I’ve got a half a million pension along side my work pension. If it goes to 14p plus, my kids will love that I can give them a foot up the property ladder.
56p and I and I can help out all my close friends too.
As you are new to shares this is just the same as gambling where you are at now. The fact you know you can lose is good but have you really understood that ? The psychology of trading shouldn’t be underestimated. I’ve got impatient plenty of times and sold them literally watched that same share go vertical the next day. TILS did that to me recently. Personally I think it’s not too late to get in depending how mental it goes in the morning before settling down again or later in the week. It’s easy to get carried away on the crest of a wave of euphoria only to see it plunge the next day. D
Only when you play with real money will you fully understand this.
For the record I’m in for 40k and at a small loss right now but confident. But I’ve also already made a profit sold then bought back in on the drops.
Good luck whatever you decide and remember to take the profits and don’t let the dream prevent you selling. Set your target and stick to it or try to.