RE: Trading8 Dec 2023 11:32
Lot-13
I am enjoying reading your posts and seeing how your trades work out. Your posts encourage me to log into this Synthomer page more than I normally would. I hope you keep informing us.
I also may have sold only part of the core holding in case the SP went up. However each us has to do what we consider appropriate taking into account the state of the market, sentiment, charts, newsflow, herd instinct possibilities, shorts etc. You have a strategy and like me tend to stick with it. Your posts give a practical insight to market trading and I am sure many will learn from it. My first trade in Synthomer returned a very quick profit. My second buy at 180 is looking OK for now and I do not wish sell as I think the possibility of rising from here is higher than it falling, but that is my take, not wanting to be completely out of the stock, looking longer term beyond short term movements. But being in profit means I do not have to consider selling and buying back to increase holding / reducing losses long term. I see the reasoning behind your strategy (apart from being out of the stock now). But part of me wants the stock to fall so you can get back in and continue the posts! Despite my 40+ years of being in the market I learn from posts, especially the practical and honest posts such as yours. Refreshing!