RE: I'm giving up on glen3 Jan 2019 20:32
billy, im of the hold tight and ride it out persusion, mainly as im still on too big a loss to want to swallow. Have also tried a £20k attempt to reduce my main loss, which has only added to the loss at the moment. Im stuck in realy, but im not realy a frequent trader, im normally a long term investor, so have patience to wait out market cycles and just take divis in the interim. my name here DTN is not an accurate description of my usual trait.
I used to read JMO's post on here and wanted to open up a new string and start trading daily, following TA and JMO's excellent posts and reasoning to learn the ropes from - i just couldnt fathom what the bloke was talking about (im far to simple) most of the time, despite all his descriptions and assistance, a shame but there you go.
I think markets in general are going to go down for sometime and with lots of volatility along the way. I also think a lot of private investors are going to get scared into selling out to preserve capital as it diminishes, i personally wont be one of these, i'll just wait for a climb back over the years if neccasary, these things always move in cycles, and i have every confidence in the companies i invest in so will just sit it out.
My core holding for income is oilies, which i add any profit to and leave, £400k circa, these are also well down from their highs but i bought very cheap (rdsb @ £12) so they will have to fall off a cliff before i could possibly lose out.
Tricky call though mate when the numbers are large, and in 20 plus years of doing this ive never known a more difficult environment to trade in. Fundamentals dont appear to be being followed, nor common sense either, and there certainly is a lot more volatility thanks to our orange friend. Just my twopeneth worth