RE: Should I stay or should I go now?20 Aug 2020 22:50
What I do... I hav e the same value in all the shares I favour (which includes this one). If one goes up 10% - I either say that's that (very rare - back you winners) or sell 10% and give it to a 10% loser (if I decide it;s still going to make it). Alternatively I decided the loser is a loser, sell that as well, and buy what I think will be a winner with the 10+90%. SO I end up with the same number of shares all with the same level of investment, but I'm always selling high and buying low . My experience is that every time I switch from a share thinking its a goner, it comes back again after I;ve gone, butonce in a while I will be right. My experience is this does drive profit, and over time it does better than building risk in your best shares just to see them capitulate unexpectedly. However, your money and your choice. I do nto recommend trying to swin with the market swings or invest passively or go completely contrarian. Winners do tend to win and win - but always eventually lose. Once you are at >100% profit in any share, even complete failure will leave you in profit. If any share in your stable scores a hit - you win. And if its gold one day, oil the next, or houses the next, your in the money. So it keeps me happy. Remember as well that if a share goes down from 100 to 80 and back from 80 to 100 you may have lsot 20% - but then you gained 25%. As I say, it works for me.