RE: Day Trading31 Dec 2020 14:15
Midway - maybe you could compare the profit you would have made from holding your 40,000 Boohoo buy in 2015 at 25.2p to now, with what you've made in profit from trading Boohoo since 2015.
If you'd held your 40,000 Boohoo shares to now they would be worth £136,000 at approx. 340p a share. They would have cost you £10,080 to buy 40,000 shares at 25.2p in 2015 which makes a profit of near enough £126,000. £126,000 tax free profit if you'd held them in an ISA. Have you made £126,000 tax free trading Boohoo shares since 2015?
Buy and hold doesn't mean buy and forget. It means research, buy and then researching regularly so you have the confidence to keep holding.
No debt, making a profit, growing globally, founder companies with loads of experience who are passionate about growing their business have worked for my investments, thankfully.
All share prices go up and down. It's knowing from regular research that the share price will go back up that matters for me. Holding your nerve when all around you are losing theirs helps by doing loads and loads of research.
For me, investing is all about research and patience.
Wishing you and everyone on here a Happy New Year too.