RE: Doomed20 Dec 2024 12:53
Christofer - I am making some assumptions from your posting history. Firstly that you have an extremely concentrated portfolio (you have hardly posted on any other share) . Secondly you swing massively from huge optimism to massive despair. I fear the combination of those two things is only going to make you unhappy. I can't tell you what you should do but I would consider the following:-
1. Diversify. You are carrying a heavy loss on your most recent PSN trade, but you could sell some of your holding. With 20,000 shares trading costs would be minimal to sell 10,20,30% to buy something else. You might say that would crystallise your loss but if you buy a share that has fallen a similar amount you are no worse off than you would have been if you traded a month ago, or earlier. For example from my portfolio (which does include some PSN) I see that the shares of NG and RIO have moved in a very similar fashion to PSN.
2. Consider fine tuning the size of your holding. At 1700p your were saying your target was 1720. How much happier would you have been if you had sold a proportion of your holding then. Similarly at 1200p I am seriously considering increasing my holding here, precisely because I have trimmed it in the past.
Both of these things may reduce your returns compared to your current approach if you turn out to be 100% right. But none of us are, so a more diversified and nuanced approach may make you much happier overall.