RE: Let me explain15 Dec 2022 04:37
Baits I would describe myself as professional investor (not trader)
I always keep 2-3 tiddlers in the overall portfolio which averages around 23/24 stocks
80% of the portfolio is in dividend stocks with income (50% of it) reinvested on the dips. Mirasol and his back trawling is welcome to go looking for my posts for when I worked for Equity and Law in the 80's (now Axa) as a very junior fund manager
As such we had to pass exams that 99% would fail here......now the reason I'm telling you (and others) is quite simply you're gambling at this point in time inotherwards "trading"
90% of out and out traders get wiped out by year the end of year 2.....95% by end of year 3
Of the 5% remaining 3% are working for trading houses (Barclays Fidelity Henderson etc) and just 2% of the balance stay in profit namely the retail investors......for one or two that are slow off the mark that means US reading this
You're sat on a potential £58,000 profit on an AIM listed stock with a track record of disaster (absolutely hopefully in the past lol) and as such I would have been sacked on the spot if I'd "sat" on a 58k onside position on a TOP stock of the time let alone (if I'd been allowed) on junior oiler with a track record of foul ups
Take your money and invest the lot (allowing for 10k holiday or something) into top dividend stocks like Legal and General Aviva BT Barratt etc etc etc with Divi's reinvested and sleep well at night
58k is a top earner and I'm happy to say I've never had one that big personally as out and out profit....ever