RE: RNS17 Sep 2021 15:29
Lucky,
The first rule of investing is to way up the benifits of the risk/reward ratio. That ratio is clearly an opposing sliding scale and After quite a rise of late, there is undoubtably a larger element of risk now (particularly if the SA government are reducing) than a few weeks ago. That doesnt mean the rewards are not there, just the balance has shifted more the other way. That fact has been proven this past two days with the sp drop, it is now holding at quite a lower rate. Nobody KNOWS where things will go in the future, we can all make arguments for our own narratives and viewpoints, but nobody knows for sure, best to see both sides therefore, positive and negative.
The second rule of investing is to preserve your capital if the situation changes as you personally see it. You can always reenter when rule one becomes more apt. That is often a hard thing to do when taking others views onboard on a platform such as this, everybody always sees posters as either a ramper or deramper - there is in fact a lot more middle ground availible where most people sit.
For what its worth, i also exited this morning before 9am having become alarmed at the drop from the 250's. I made a few thou, but not as much as i could, and am currently awaiting reentry having set some limit buy orders.
Good luck to you, me and everybody else, this game is a bit of a roller coaster at times isnt it.