RE: Still holding11 Nov 2022 17:51
MattyBoy
It's a hard ask to make money out of AIM. Having lost a small fortune on the likes of VOG, RRL, BHR, ANGM, BZT, BLVN and others I feel that I am qualified by the bad experience to make an observation that might be of assistance to others.
I turned the corner on AIM when I realised that insurance is the only answer. By that I mean take a percentage of your profits when you can. So I have regularly top sliced here on spikes , admittedly only selling a percentage of my holding and never selling at the top but making a decent profit as the SP has trampolined upwards. Fortunately on the majority of occasions I have bought back in here on the dips to see the SP move up a bit and justify my decisions. If you look at any basket of AIM shares you will see with most of them that they will have peaked at a decent high but more often than not end up languishing at all time lows.
I made enough mostly here in the last financial year and on a few other shares n previous recent years to wipe out my losses and put me in front overall on all my AIM dealings, not by a lot but by enough to wipe out a very huge loss that I endured up to a couple of years ago. By the way I was underwater here for the first couple of years and I missed out making a mint when not selling years ago when the SP rose to over 4p old time when the 10 out o 10 results with mice where released.
Still have a decent holding here which is definitely my last AIM investment on a free carry and hoping to exit totally if the SP ever reaches my get out point which is a lot lower than many others.
Not trying to tell a chicken how to suck eggs.
ATB. Hope you get all your hard earned back.