I feel your pain. A few of my shares have started recovering this last few weeks. Could not have got much lower. My big winner thought has taken a big hit so my pf is looking awful disputed a bit of a recovery for others.
I should have derisked looking back. But who would have expected what has happened to happen. Also glad I didn’t buy more on the way up, if I had I would not still be in profit. If it drops below my average I will buy more. But I don’t think it will go that low!
RE: Even in the darkest hour! Never sold!12 Aug 2019 14:35
Euz Nice positive sp movement today. I too have never sold any. First bought in at 0.14 and averaged down at 0.12, 0.1 and 0.04. I now have 4mil shares with an average of 0.08! Euz is by far the biggest investment I have in my pf and am sitting tight waiting for break even and beyond.
Chancers! Been camping so not been able to look! My of took a beating this last week but has recovered a bit! Although I am 50% down in many stocks! Not good! Going to add more bids now the sp has dropped a bit. But I need to try to get back even and out of a few stocks! I am 50% down in many stocks with between £1-2k invested. I don’t see a 100% rise but I am tempted to add £4K to one and then I just need between 10-20% rise to get out! Then do the same with the next!
I had thought about opening an share dealing isa and use that to do a few trades to try and get back to even in my main account, rather than averaging down. With the view of moving most into the isa over time as stocks get sold.
On a separate subject, would you average down on a stock to try and get back even and out quickly or buy a different stock all together? This is not regarded prd as I am here for the big rewards. I just have too many stocks about 40-50% down!
Who is shadow trader? I didn’t buy extra bids this week as the price shot up and I have been watching it fall back down. I will see what Monday brings. We must be due a Trinidad update soon. I think they were going to report back after a survey down the well to identify the best areas I think, with a work over etc. Was it September forecast to start re-pressurising the well?