RE: Research with Chianti25 Feb 2021 18:30
A few years ago, when I had 7 million (after slicing 4 million) on the last day of June 2017 I believe I sold a few in 47 trades, all small trades but cleared £31,000 profit. If on that day I had dumped say 3 or 4 million at 8am then I would not have got as much (and the price would have crashed) I drip-fed the market and got an average, nobody got spiked and I still had 3 or 4 million left for the next leg-up which was early January 2018. Then late February 2018 another good day.
If you read business books and took a simple business proposition like, “I have a pen, a good pen, do you want to buy it? It is so good that it will last forever, and you can sell it for more than you will have paid me”. Would you buy the pen? Would you buy the pen if you thought it was never going to be worth more than you paid for it? Nobody knows how much anything will rise to and if I slowly top slice then I believe I am not greedy. But most on B.B. are greedy and want to sell at the top but invariably miss the peak because of greed.
I do not know if that assists you or answers your question but it is what I do.
On 90% of my main market shares I put a limit order in for a portion of my shares at a percentage above what I paid for them, sometimes they trigger in days, sometimes weeks and sometimes never but I take the emotion out of selling and as they say, “its only business”.
RKB
PS Most of us do dummy buys & sells to gauge the current price and earlier today I could sell all of my shares for about £50,170 then this afternoon would not even take 1 million so if I could sell my first batch at 2.33p then the next 3 batches would probably have been at 2.3p then 2.2p then maybe 2.1p (all hypothetical as I do not know what price MM would offer but on the above it would have resulted in about a total of £44,545 (£11,650 £11,500 £11,000 & £10,395) so I would be walking away with £5,625 less if the price is falling. But if I am slicing as the price is going up I will achieve a bit more.
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