RE: Need help/advice24 Nov 2021 13:29
Genuine advice - I wouldn't recommend investing so much money that it makes you feel anxious on the markets if you need more experience. Don't get me wrong I'm not saying don't invest, or that you have even over invested, but make it money youre comfortable to potentially lose, without heart complications while you learn the ropes. You can always put the majority of your money in a passive or active fund (but still no guarantees in them tbh).
Also one person's methods may not work for another. I find investing and investment styles is a personal thing and not a one size fits all. Many people can be successful in a variety of ways and methods. Be true to your strengths and learn the rest over time.
As for RMM personally I got in before the rise and held / added while lower so my average is good (thankfully) and now I'm at a decent profit (atm). After research I always have a target entry and exit before I take a position, to consider the scale of risk and reward etc. However as others have said people can only give opinion. Not facts. The markets can be volatile and especially micro/small caps with relatively limited liquidity.
I'm obviously personally long here and for much larger movements upwards over time based on my assessment.
Perhaps the sensible advice is to take some off the table if you have an uncomfortable amount 'at risk' at the moment. Then assess how you feel, research etc and either keep it on the side, sell the rest or add some or all of it back.
Emotions are rarely if ever useful in investing. It's hard to stay objective with FUD. When making a decision to trade before a target price I always ask myself 'has the reason I invested materially changed' ...and there are a lot of things to consider.
That's why I would always advocate having an investment case before investing, as it allows you to remain confident when looking choppy and objective when decision making.
Do what's right for you though
Atb