RE: NCYT2 Feb 2021 21:11
@starknight. Sorry but you clearly don't understand balance sheets and basic maths. My suggestion only applies when you have no more cash spare other than what is in your portfolio. I shall explain. If you put £100 in stock 'A' and are down 50% you can leave your money there and wait for that stock to go up 100% to breakeven; but if the prospect of that is low (based on sentiment/market or other factors) you can look for a better stock and move your £50 to it, stock 'B'; yes your portfolio will show £50 (50%) loss on stock 'A', but all you have done is move your £50 to stock 'B', your porfolio is still worth £50, your money has not changed, your £50 simply now has a different name to it. You still need stock 'B' to go up 100% to break even , but if you have done your homework and picked right you can still get there and sooner than with stock 'A' (there is always a risk). But ultimately You have not lost money at that point; you are still 50% down on your porfolio regardless and you are waiting for the right horse to get you back to breakeven or higher. Seeing the red negative number on record on one of your stocks is simply psychological but if that is all the money you have to play with, you have to move it and make it work for you where it best gives a return. Obviously is after you do your research, you decide that stock 'A' still your best option then don't move it. Hope that clears it.