Investing methods28 Jun 2019 00:29
There is room for a bit of this and that in successful, although I would say discipline is very important, and not something I am good at personally. I am a bit of a "mood" investor, and sometimes it produces results which are good and other times bad. I don't personally believe charting on AIM can be very useful though due to the limited markets in some shares, and on an empirical basis alone I would say that I have read many hundreds of predictions which never became even slightly true. No-one has mentioned luck. Everyone needs it. Lefkosia has had lots of it already, and it has created something of a false confidence in the infallibility of his own "T Line" methods, which he now hints at wanting to follow on a more highly leveraged basis (his "all eggs in one basket policy"). That is very risky and dangerous investment approach, make no mistake. In fact he has already hinted at why this will NEVER work out well for him, which is his nervousness of losing £900 on one position. It is why gambling small stakes is not the same as gambling large stakes. The emotional response is very different, depending on whether one is investing £1,000 or £1m. What if the £356k or whatever it was in his 2 bagger theory, had been invested at 10p, which then dropped to 6p. Is that position still within "risk reward management"? I will wager that it would lead to many many sleepless nights. On that same point, it is likely that the success stories were not just straight line gains, but there were times when the share price showed a big fall. When one's entire invested wealth is at stake the method is likely to lead to many emotional, and ill-disciplined panic responses. Sensible investing this is not
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