RE: I gambled21 Jan 2023 11:44
I do hope that 30p was the bottom as i have been working on a algo (though i prefer to call mine equations),that triggers a buy signal,that gives confirmation to other buy signals.Although not invested in Boo,i can use the equation later when finding the bottom to other shares.It's worked very well in the past,from my research.
I can't believe posters on here that were suggesting a buy when in the middle of a chart pattern in the last 2 years, that was a case of trying to catch a falling knife,with the S.P. not just falling, but crashing through support levels, (150 ish comes to mind).
Investors need to grasp even just the basics of charts before they invest.One look at the Boo chart should have warned even a novice that they needed to beware.If you were walking in a street and a multiple car crash happened,basic common sense would tell you to wait until all the cars in the vicinity had stopped moving,before you even contemplated stepping forward (you'd even need to look for leaking petrol before you took any action as well).But no, investors just seem to pile on in.No patience.
Gamblers and investors have no patience,you see it in Vegas on Roulette.Players put 3 chips on lots of numbers,they lose,but its when they win that is the most telling.They win and what is it that they do on the next spin,go back as before,3 chips on the same numbers ?.NO,they put virtually their entire winnings all over the table!!,they may win,and do the same,but what normally happens is that you see that eventually the ball goes in the hole,and it's one of those that remarkably they haven't covered.
They have no discipline,they feel the need to win quickly.They let their emotion dictate their decisions and as we know that's fatal.You post some good points on here,and i'm looking forward to reading more of them.