RE: Compounding17 Jul 2024 10:32
"how do you know its going to go further when you brought in at 1 thats the risk. I think ive become to cautious recently which is good in a way but stopped from making a few of these snap investments to make a few quid."
KR - for me the answer here is charting. It will teach you above important levels where buyers and sellers are likely to come in. It is good to be cautious, but on AIM, that can also harm you because often the moves happen very quickly and you can get spiked or get FOMO
I would recommend reading around investing and/or trading, depending on which of these you prefer. AIM is a difficult market to learn your trade on, and is just one big casino with lots of dodgy dealings and scams. But also the most rewarding which is why we all get drawn into it.
I do think Luck (or call it timing if you want to take credit :-)) plays a huge part. Take MATD for example, if the news is good we will all make money, but if it's not, we don't and might have to take a hit or wait it out. These kind of unknowns are out of our control, and so you have to trade with them or avoid getting into these kind of scenarios in the first place.