RE: ALIEN METALS LTD | BIG MOVE IS COMING | UFO PRICE TARGET7 Jun 2022 15:21
Dickie, I have found keeping trading trading for early entry and isa for derisked position building helps for peace of mind in these high risk high reward aim investments. For example with EUA I had the one trading account investment avg 0.982p for nearly 2.5 years, at one point 140 quid was 10000% up. Never sold any until recent events tho…doh!
So despite starting my ISA position in the 27p range in EUA, off the back of RNS talking about EUA2,only for Putin to totally not invade Ukraine and EUA’s fall to hurt like hell the low avg trading account helped keep me calm and rational while all about me where losing their heads. My Isa avg overs there is now 13.9p so better positioned for whatever transpires with EUA.
It’s not quite the case with UFO yet there’s certainly an element of holders fatigue borne from a languishing SP increasingly, I would argue, detached from fundamentals (you don’t need production to get 1-5% NPV of 3 month spot from Mr Market but dudes being depressed even b6 his standards lately). However because I stopped averaging up in the trading to focus on a isa position in the 1p-0.75p range it’s not quite as frustrating because I know if something happened like my pedal bike broke I can still take from trading in profit to cover the unexpected things in life. Well, a couple of times until trading would be no more.
Sometimes I do wonder how different things would be now if I’d being more disciplined with that 3p spike, I would not be sustaining 4.5 grand of debt picked up through lockdown that’s for sure.
That said I’m 9nky talking hundreds here and there so maybe that’s why I’m more chill than some other investors dabbling in the high risk side of things. Plus I do smoke an appreciable amount of herb, best part of moving out? Smoking a bowl full in my kitchen whilst stark naked having just stumbled out of bed XD Wot? I’ve lost 4 stone in the past 1.5 years so I cut a good look these days :P
Anyway, enough waffle from me. Horses for courses as they say and just sharing my own anecdotal experience of investing these past few years. All the best everyone.