RE: Day trades.4 Feb 2022 09:33
Sun/North.
Unlike the bashers or pumpers here, (hopefully you both are neither! and most of us know who they are) I think that you both have very valid points. These may be different due to levels of risk aversion, or other things, but they are all useful, I've learnt from you both. Please don't sink into name calling. This is hard enough already with the 'distractions', and I value your inputs too much............. As an aside.........
I had much more invested in stocks pre the internet drop than I do now, mostly American tech companies as I may have said. One possibly interesting example was the spin off of U.S Robotics from 3Com in an IPO, (conditional on keeping 3Com stock, holders got 1 and 1/3rd USR share for free). This was when a 64k modem was fast and 128K a wet dream! I won't go into the boring details, but suffice it to say, for a few weeks after the IPO, on notice boards, (remember CompuServe guys?) people who had bought USR only, on margin (after the mad IPO peak for $139) were distraught the price having sunk to $45 or so. It never did retrace. Conversely (this is honest) my best one day gain during that period was about £24K. This is not being boastful as at other times losses may have totaled £20k for the week, a bit chilling, when that happens it's like being a rabbit caught in the headlights of a thundering lorry not knowing what to do. Overall during that couple of years I probably made 25% to 30 % a year. But this sort of thing is a way for Joe public like us (I assume) to get ahead, (or mark time even). But we need all the "valid" help we can get. Thanks to all IAG shareholders, (and rightminded people).
PS.
See, I should have held off and bought back into IAG today! (or is that sold at open? Who the F - -K knows) Day trading! :(
DYOR
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