RE: Red Braces Brigade12 Mar 2020 09:11
I think it's a classic tree shake, I think if I were a MM, I would be marking things right down feed into any panic.
I am panicy, found myself thinking I should have sold everything yesterday.
Bought back into TLW but a little too soon, although they are back to what I paid now. This gave me 2.54% more shares.
Funny, the way IG calculates the number of shares to buy for a fixed amount, means I should have bought 3%+ more shares. This reminds me of an effect of Treacle's system (BUY using previous SELL proceeds). You start to accumulate the money "remainders" of BUYs that obviously can't use all of the requested purchase amount. The more BUYs and the higher the per share price, the more these accumuated remainders build up. It has become a nice income!! Heck it's my only income!!
I messed up with NCYT earlier, it went up 25% first thing, I was greedy and dithered, didn't sell, then it gradually lost all the gain, even back to -1%. It is up 10% now though. Amateur!!