RE: Brave or foolish??16 Jun 2020 11:25
I think it depends 100% on your risk appetite, your experience and your skill. AML has actually been a relatively easy share to trade over the last month or so.
I screwed up a short I took out last night (not closed it yet so may still be ok....? Probably not). But I made £7k extra shares over the last 3 days trading in and out.
If this hits 78p, I'll sell half because it will almost certainly give me a lower entry unless something changes.
Also - I don't like holding stuff at the moment because II think we are living on a knife edge with the broader markets - I can't see that the FTSE should be trading at 6200 right now. Main st vs Wall st etc. etc.
Put it this way: my investment returns over the last 10 years have been around 5% a year. My trading returns more like 50%.
If you're good at it, it's a good idea. If you're not, don't do it! Simple.