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yes, true, it was occaisionally bedlam, but it in nice way. I think I had admitted before that I have sometimes missed a spike/shake because I was busy else where but until I get some of these side issue shares sold off, I am sort of stuck.
One that I did sell 2 or 3 weeks ago, WJG, one of my best earners, has continued to rise since I sold it (of course). Regrets? well you know how many of them I have.
I am currently addicted to NMC and, as you know, that takes a lot of watching.
Another way of using tranches is the "time slip" method. Assume you have just sold XXX but it continues to rise, so you can sell the second tranche...so it just averages your price a little better. But if you had hit the maximum with the first sell, things don't look so good. One approach is :- With high confidence in the approaching maximum, spike, sell both tranches.
Interestingly, I obtain better quotes with smaller parcels, especially true with SAGA and some of the AIM shares I deal in. This price differential easily outweighs the extra dealing charge.
Think I have blown it with LLOY for tomorrow, the constant drift down lately suggests to me a general expectation of the market taking LLOY results badly. Ho hum.
P.S. I did have chips with my Chicken Royale
I could have done a little bit better today but considering I was watching part time and using Limit trading, I did quite well. I am tempted to say that I should take every day off! I suppose what did it was thinking in advance about what Limit sells/buys I was going to set up, I did this last night and reviewed it at 6 this morning. I had some luck as well of course but I had a rather laid back day off with only occaisionally studying the graphs and tweeking my limits (not as painful as it sounds).
I am going to advocate buying and selling in tranches again...it seems to be working for me, in SAGA, LLOY, HUR and OCDO.
In LLOY and HUR both tranches (only 2 tranches in each share) are long and bought at different prices. In both SAGA and OCDO, one is long and one is short. I like this second, out of phase situation because as the price spikes, I can sell a tranche, if the price shakes, I can buy a tranche. I think this is not as profitable as non-tranches (ha) IF one can very accurately predict the spikes and shakes, like that steely eyed spike and shake spotter Treacle!
Got to hand it to you, I didn't think there would be enough down movement to sell and buy back at a profit. I forgot that the higher and faster a spike is reached, the bigger even a small correction becomes, if you know what I mean.