RE: Next leg up23 May 2024 15:48
I also have a large investment here but I keep a £45,000 trading pot to one side. I use this in 2 tranches incase I don’t catch the bottom first time.£20,000 then £25,000. I don’t take the profit though I add to my shares. So if I put in £20,000 and it rises well I will take the £20,000 back and add to my existing shares and in my eyes they are all free. This also helps to get your average down and get you in profit quicker. I’ve gained 11,000 shares doing this so far this year. Also if you’re lucky enough to get a decent trade in the day you will get your FTT fee back the following month. Works well for me most of the time but sometimes I’m stuck in a little longer than I want to be.