RE: No divi11 Jan 2023 18:03
I should run a course.
Simply really I do not hold, my strategy is to average into a position and make it profitable no matter the entry. I do not just buy once and hold and hope.
I buy in tranches at what I percieve to be a good entry - sometimes I hit gold sometimes a brick wall but each trade is a position.
Think of a snooker rack
1
2
3
4
= 10 balls - each ball represting 10%
If you go 100% on a price then you can be stuck underwater so better to go in 10% and if that is not a bottom then after a further drop then add more (subject to funds) etc.
You may not get in at the bottom but then you have not splurged all your funds at the top entry price.
Usually at some point the price turns up and depending on the share and the recovery in price you may be able to sell a profitable trade that takes your average down.
I trade most of mine in an ISA and add and trim.
Do I get it wrong at times - yes for sure - but I just work out of the position I find myself in and it works well.
Finally when I say I sell something at a certain price etc I do and if I put in a day I have cross check my trades to give the correct date.
I do not mind how long I have to hold a paper loss but experience allows me to tade out of even a very unfavourable position.
I hope this gives you something to think about rather than just running a person over.
It works rather well for me but is not a recommendation.
My top trade at the moent is my MAB holding which I trimmed over the last few days as well as today. I am sitting with a sizeable holding at sub 26p average v a 163p close. Just an example.
Paper losses are just that, until realised which I tend not to do.
Have a pleasant evening.
Mary.
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