RE: Where is my FOMO Friday???27 Jan 2023 20:30
JHFH
I do rate your posts but I will say that I did sell and explain my own reasoning why. Please bear in mind I am only a relatively small holder (was).
I personally still have a lot of faith that this will be worth pounds in years to come, but...
Traveller (I think his name was) pointed out when we had a big rise that there was a fvg left. Now whilst I asked at the time, how well fvg was held on small cap shares as I don't necessarily believe they are that strong, with the dilution and drop to current level it would make sense for the market to pull to fill order blocks.
Therefore I feel there is a good chance that the market "could" retrace to said gap and allow me to double my holding at no extra cost.
Stupid? Remains to be seen.
Foolhardy? Definitely, as I believe the safer bet would have been to just leave as I am positive it will fly eventually.
That being said, it is a risk I have decided I am happy to take.
Risk mitigation : unless this absolutely flies with now warning, I can still buy more shares than I had before at no extra cost.
GLA that hold and topped up. I hope to join you again soon. Peace