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Feels quite steep...... something incoming?
I think this is moving from a trader's share (on the short squeeze stuff) to a recovery play and will expect the price action to be steadier but I think it'll move up and up now.
Iron - it will break 120 today but it's just how high it goes after that.
This is now a good recovery play with good news with a rising oil price. I don't see much of a reason why the trend is up here until 150. I'm back in the positive camp on this one. Buy and hold now instead of trade.
I see 125 here today (with dips)
but should have bought more! break 125 today?
might pick some up there.
not huge amount but starter lot. Will add if it breaks below 28.
Definitely tick up which is nice given slightly red markets.
I'm back in at 113.7. Only £20k but playing it safe.
Will look to buy more at 112, 110 and anything sub if we get it.
But feel like it might bounce from here, markets permitting.
It surprises me that a guy who has the money to buy £200k's worth of PFC fails to make a profit on it.... It was the easiest bounce trade in the last year! No offence.
Iron me too - RR at 92 looked a bargain to me....
RICH3R - yes, totally - there's always a risk associated with being out. But there are lots of good value bets around at the moment so I think it's worth the risk for a lower entry here. I get it right maybe 60% of the time I reckon.... I messed up here on the last rise though, big time! Think I missed out on about £15k profit which is sad. I'll probably take some in the 28's and then 27 and then 25 etc. if they come.
I do think though, as I have said, we may well be in for a market slump and SOLG will not be immune so I'm feeling bullishly bearish!
Let's see how PFC reacts - where does the buying kick back in!
My guess is 112....
And market agrees.
Think buying at holding around these levels will ultimately prove a very good medium term investment but I do think if you wait a couple of weeks you'll be able to buy 10/20% lower.
It's waaaaaayyyy too complicated for us to understand. Just learn how to be safe in the jungle....
I see 118 to buy back in and I'm tempted because I do believe at any moment this could still rip higher BUT right now I think the mini trend may well be down and I wouldn't be surprised if there's another swift drop down to pick up some stops.
Would love to get back in at 113 like yesterday - maybe should have just held!
Olderandwiser - I agree with you re: traders not talking about their losses but I've already said on here (maybe another board) that I think I've missed out on about £250k in 2020 on selling up too early looking for lower re-entry (TSLA, GLEN and KAZ being the most painful examples - TSLA alone I lost out on £120k). I definitely make mistakes.
I'm a big fan of trading in and out AT THE RIGHT TIMES and I have got quite good at it and will always continue to do so.
But I do get that for most people buy and hold makes sense.
don't often get it perfect but that was pretty close.
now looking for entry at 112 I think. Doubt it goes lower than that.
Did see it coming though.
Gotta be careful here.
bought chunks at 112 and 113 - nice
bounce or dip