RE: Hold or Sell13 Oct 2021 17:04
my trading platform is iweb. It doesn't do spread betting as far as I can tell and has no facility for shorting, as far as I can tell. I don't do leveraged trading of any sort. I don't do commodities or bit coins. I am in fact a rather boring little pi these days. I learned to not bother with the game of waiting for entry points or exit points in the main. I am more to do with smash and grab. Using 360 input, looking for events or activities that are not obvious, especially against people having a bias , and predicting how more level headed rational money making business is business iis in the city will respond. So those who love the EU will have a bias against a potential decision that could knacker one industry in favour of another in the great way they share out the cake over there. I don't have the bias, I merely consider the consequences and invest in where the positive collateral will be. I don't wait for a mysterious force to drop the buy price first, and after the event and my company is suddenly revalued up by the market, I don't wait for some magic finish line price. I take the money and run. No emotion, no ramping, no deramping just focused on the differential being worth the punt. And if there is a loss, so be it. Cash up and move on. So here, with IAG, I've been day trading it at the start of the year, but then lined up ready for which stock would benefit the most with the removal of travel restrictions. Then I waited. And waited. And Waited and then realised there was no political will, indeed there was clear and active sabotage. So I have left my money plonked where ever it was at the time and have merely monitored events. It has just dragged on and on and considering the other 360 inputs and news events as they happen, it looks like the big event is going to be a muted affair. So what. The world is emerging form lockdown, recovery is beginning in many sectors and opportunities will be found elsewhere.