Question regarding26 Feb 2020 22:38
psychological techniques used when you experience a loss in paper profits that can amount to, for some, a year's salary for a professional person?
So for example, 2m shares bought at 2p = £40k
2m * 5.6p = £111k
paper profit at 5.6 = £71k
current price is 4.6 (bid) so holding now at = £92k
paper profit at 4.6 = £52k
difference fall of £19k from 5.6 to 4.6
That's a difference of £19k in a number of weeks. And that's net. That's around £6k/week or £312k annualised...
I'm playing with figures but I am sure there are some who will have experienced the 'trauma' of having to adjust to this type of brutal volatility.
I've given back around £7K or thereabouts but I suspect that pales into insignificance to some on here
I suppose one must keep both eyes on the eventual prize
I did hold £5k's worth of ASC from 4.5p way back
Apologies, just throwing thoughts around