RE: Averaged Up - Selling specific shares15 Jul 2020 13:03
When you sell, the price is the same for all the share, irrelevant of what you paid for them.
10,000 bought at £0.05 = £500
You are invested £500 @ £0.05
Next buy 10,000 at £0.10 = £1000
You are invested £1500 @ £0.075
Next sell 5,000 at £0.15 = £750
You are invested £750 @ £0.05
Your average price is back down to £0.05, however you are invested £750 for 15000 shares.
Next sell 5,000 at £0.20 = £1000
You are now invested £0, up £250 and riding free.
The maths may be out, but the logic should make sense.
Keep doing this an you will be the next Warren Buffet :)