RE: My tuppence (by Christmas) worth13 Oct 2020 22:54
I have been trading for a month and learned a lot of lessons quickly. Never done it before, but been lucky enough to be working from home during covid and so has the wife, so with the money saved from not paying for a holiday this year, shares in the company I work for doing well and far less costs each month, I decided to give it a go.
This forum has been great for learning about each company and trading. I watch the risers and read about what caused the rise on the forums and ADVFN. I started out with 6k and invested it in 20 companies. 2 weeks ago I was £800 down, which I realise nothing compared to others, but and I nearly stopped. I am level now, but more confident, so have added in another 2k
The main mistakes I made was invest on a spike or read on here and see people saying a stock was about to double or triple in value and it fell and then I panicked and sold. I lost on a pump and dump and also put a grand into Deltic when everyone thought it was about to be bought out and it went from 1.5 to .9
What I have taken on board is that a large rise is nearly always followed by a fall, unless there is a reason for why a share is going to keep going up, like OMI did for 3 days. So now if a share goes up and then drops, if I am confident in it, I wait for the few days before investing as hopefully the reason for the initial jump is still valid
Also the mechanics of trading mean that shares need to fall to go back up again and so holding and the topping up is the best option. I have done with with Zoetic and Alba. I think reading so much on here and watching shares values change and being in so many, with small amounts, has led to me getting a decent initial understanding of the patterns stocks follow
I have £1500 invested in syme after reading about it each day. Anything like the return some expect on here would be amazing for us.
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