RE: INFLATION FALLS TO 7.9%19 Jul 2023 17:39
Lloyd.
I have tried to play the day trading game and lost, but what I don't get is why you would even try to play it.
Som you buy at say £9 and sell as £10.35, so you declare victory because you made 15%.
Then you sit there with cash, and the price drops to £10 and you buy and sell at £11.00, so declare victory again and get another 10%.
Then it drops to £10.50, but then shoots up to £13.50, and you are still sitting there with cash wondering when to buy in.
If you would have just left it in, you would have ended up much better off, and unfortunately with all the bad news out of the way, no more covid, Ukraine war into 18 months, inflation dropping (although slowly), you might be able to buy into a downward day and maybe if you are lucky sell for some profit, but I'm guessing that the major swings have gone.
I'm sure that lots of people were thinking that this was going back to £10 and waiting, and now potentially have missed out.
Buy in, stay put, Carnival will give you a 50% gain within the next 9-12 months from this price is my belief. You can't get that from a savings account.!
Give it 3-5 years and all travel stocks will have gone up at least 100% from todays prices. In Carnivals case, it will probably be 150% to £30 within 3-5 years (probably more like 3).
Whatever you do, good luck.!