RE: I bought at 24p what should I do6 Nov 2020 07:26
Never buy a stock on a price spike, ever. You always get caught. It damages your confidence, hits you in the pocket and turns you away from trading (investing) the market which would be a crying shame for I know of no other avenue of financial life that can generate such high levels of capital
Sometimes, you have to step back and watch, waiting for the right moment. Don't chase the price, ever. I've done that and it's cost me thousands, tens of thousands. It's a mug's game and it will bankrupt you
Remember there will always be an opportunity to make money in the market, always. Not many for example had heard of GGP until their first intercept at Havieron.
It is a fine appreciation of knowing when a company's value has absorbed all of the available information and that no matter what happens the price ain't gonna rise.
I still think there's upside here but the hefty gains seen from 1-3p are over
If you're nervous always return to cash and wait for the next opportunity which will come
But believe me, losing money in the market is the best education you can have. Losing money is part of the learning curve and when you've had enough of losing money only then will you start to think and learn how to trade and invest properly.
I'm still learning and it's cost me around £100k to date but up overall, if that makes sense
Buy a book on trading and investing. Immerse yourself in the market. You take this halfheartedly and you'll get feckin' rogered right up the trumper...some have taken their lives after losing their shirt..it's that serious
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