RE: getting impatient9 Aug 2020 01:36
A story of impatience, I got impatient with BMN (~1.5p) & GGP (<1p). I knew these were gold, but still I tried to just have a quick trade elsewhere while I was waiting because I was getting impatient, and missed out on a couple of 20 bags there if I held for a couple of years, others I missed out by days weeks or months.
(There are many “riskier” ones I’ve held that have don’t better but the above were pretty safe companies)
Sure a Few Of my picks went down or Are still hovering at similar levels but the majority have atleast doubled and if I stayed put I would be a lot richer.
I manage to pick most of them close to the bottom, but a habit to start chasing other rainbows, so impatience is my biggest fear in this trade and screwing myself over , I don’t doubt the company at all, we have seen bottom and when JBs shares find longer term homes this will rise, and rapidly, simple supply and demand.
4.75m shares being sold daily and its still NT to buy £4-5-8-10-15-20k So so often, yet I can get a quote to sell that quantity the majority of the time.
If I held a handful Of the gems Longer With my £5-10k ingested In each it would have made me a millionaire (combined return from all).
Don’t let impatience get the better of you, have good reasonIng behind Your trade whatever you do :)