RE: Eve shares2 Nov 2022 11:16
Hi Wyn,
In fact I missed a little bit out, as it didn't really add to the story :) The complete version is that I bought back too early as I say (135ish?) and then sold at 129 (so a loss but bearable as I was still 'up' overall) as I could see the fall continuing and then I bought back more shares for even less a little later (125?). So the story is essentially the same with an extra couple of trades. If I'd waited overnight I'd have done better but then what if there'd a good RNS at 7am?! - as you said it could have jumped back.
Part of it was that I thought I'd make enough trades on HL to get a better deal in November! I failed on that so still £11.95 for me this month.
I think you are right, I am just making it up as I go along but with Avct, if there's bad news there won't be much of a chnace to sell at a pre-determined point, and if results are good I plan to follow your 'sell 30%' as, even a 'cure for cancer' won't go up in a straight line.
I think I might target prices as a percentage up or down (and settle for a few percent profit but trade more often) rather than your system of resistances and supports. Maybe that will come later if I have any success with the %'s system.
WOSG seems to have steadied and I am very slightly up there. I'd certainly try and bank 10% if I get the chance, after charges, and then buy back. Thank you for that one.
I think that trading is easier if you're 'up' as crystallising a big loss, like with eve, is so painful.
The RSI of CINE must have been sky high all session yesterday afternoon so it's not always a brief phenomenon is it? CINE RSI must be down today of course.
This is relatively long term; I've have heard that sellers of hydrogen gas fully expect much of the haulage fleet to run on hydrogen fuel cells before very long. I'd quite like to get some exposure to a gas company if I get any spare money in my account. There are a few about, big and small.
Good luck with your trades today :)
D