Crazy - Pragmatic15 Feb 2022 22:02
Been a crazy few days with board inundated with new names and ****ging matches, felt a bit like wallstreetbets ( do not go there if you want to keep your sanity went once, never again). I lurk a lot but rarely post. I bought 500,000 back in the day as a punt at just 0.05p so just couple hundred quid. Though later as I found more info I decided to buy more and now have around 8 mill with average of about 0.2p - for clarity of my position.
If there are new buyers which also happen to be relatively new to trading - I say welcome to the ride. Take any rampers and derampers with a pinch of salt and try to read between the lines. Last few days have been crazy and forum has massively more posts than normal, which does make this tricky. The absolute best thing you can do is do some research - then make a plan and stick with it! Do not panic on sudden drops and don't get too excited on sudden rises. Always check to see if there is any news reports or an RNS to see what the reasons are for the sudden movement. If you can not find any news - it is likely to be hype buying, or panic selling. Try not to get swayed and make rash decision either way.
I do not have oodles of investment cash like some people so yesterday at 0.5p I was looking at approx £24k profit if I sold. This was very tempting - but I reminded myself to be pragmatic I bought the shares with a long term goal 3 years+ and/or 5p ( ideal world 10p but will re-evaluate at 1p,2p,and 5p may sell in batches depending on my financial situation at that time )
Then again today as the price is tumbling I felt a pang of panic - but again reminded myself of my goals and on reflection its still up a lot on my purchase price. The price movement short term, in whichever direction, is almost irrelevant until I get to my goal.
Of course when I say stick to the plan - it is flexible. You may need to change it at some point if some news /RNS gives you new insight or if you find a different company which you may feel suits you better or if real life kicks you and you need to bail regardless of losses as money is needed urgently etc. The point is - never panic buy and never panic sell, think, reflect and try to ignore the loud thumping throbbing heart and listen the the whisper of your head instead. The single and absolute most important advice ever - only ever invest money that you can afford to lose.
GLA