RE: Am I right?7 Oct 2020 08:11
Hi Busybird,
welcome to the AIM Casino.
Firstly please remember that this is "Gambling", so never put resources you need for your life here.
Probably set up a monthly transfer of spare funds to your trading platform.
"Safe" shares carry a high risk because of high confidence, "Highly Speculative" shares can make more money, but never in a rush.
Clearly you only "Lost" £30 as you previously stated. Sometimes getting out with your shirt is a smart move.
In the words of Warren Buffet - buy low, sell high, and don't have an emotional attachment. Think of them as sacks of vegetables. Sell when the price is high - which means selling into a rise, and slice and spread your profits. Never buy into a rise unless you are prepared to hold through the subsequent falls. Gravity always plays its hand.
If you pick up penny shares at 0.00x pence, then don't hold any attachment to them, they were junk when you bought them, keep them in a "Botom Drawer" and check back after a few years to see if they have rotted or grown. Highly speculative shares have a very high risk of failure, but usually the directors have a vision, and will work to make them a success. AIM is used by them to raise funds, so expect some dilution - look at the history of CYAN for example, finally turning the corner after many years of dilution and losses.
Going back to your statement, having spent £200 initially, before the price crashed to 0.0078, why did you then only spend £10 ? and then another £20, surely a better punt was worthwhile if you already had an interest, and was following the progress. Personally my "Punt" is a little higher you really should be 20x the platform fees as a minimum.
Good luck, and beware the "rampers" and "trolls".