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Means buying in tranches if the initial entry moves against you then average into a better position than buying all at once. (adding) eg rather than invest £50000 at one price on a certain date, invest in 10 £5000 tranches.
For me trimming means lighting up part of a position or 1 or several of the tranches as the price recovers. If successful the average cost falls away significantly and often can end up with an investment that has a below zero cost over time.
Not for everyone, nor a recommendation.
Https://media.tenor.com/IWPpbkR85ygAAAAC/phoenix.gif
27p was my target when it was 8/9 - still a trebler - but now a multi bagger.
Hold a shedload of these and a move from by 35% that could drop 20p for no reason creates opportunities. I trade my position most days and trim at these levels and after adding a lot at mid 60s have been taking some off the table. Expecting £1+ near term, however nothing goes straight up.
Another £1 🥳 🎉 🪅 🎊 party.
Sure is. Been a winner, what a turnaround.
@dan
enjoyed your video - well done
Re JD.
Rarely do I exit a stock completely, however the spike seemed too good not to exit and wait for reentry at above 132 & finally @135p +. Started adding sub 116 and 112 , in tranches, and hoping for a repeat recovery.
£m 1Y 3Y charts suggesting a series of higher lows following the sub 111 on 2nd with a breakout above 120p crucial to resume the uptrend.
FY results at the end of May should provide comfort as the growth story resumes.
LWHL - Think your 150p target will come into view once confirmed.
If exploring a US listing once the acquisition is completed then a whole new bull story begins !!!!!