RE: A short stay...28 Apr 2017 06:04
JL -sorry to hear you are leaving - I am in a similar position to you - been trading in the SM for 50 years now and had a lot of thrills and spills over the years - but an expensive hobby at times ! I stayed out of the SM in 2007 and 2008 as I saw a crash coming - back in in 2009 and made £18k profit on the year - BARC and LLOY my best shares. 2010 I lost the £18K profit and broke even. 2011 to 2015 just about broke even but 2016 lost £22K. About £2K up so far this year - best deal was £5K on PMO in 2 days and worst deals £2500 loss each on HUR and SOU in 2 days - but looking for good profits soon on SDX - company has no debt and $30M in the bank and last week hit a major gas find and is drilling on to another gas or oil find at lower levels - RNS due out today or next week - may be worth a few K gamble ? DYOR on SDX - it all looks good to me for short term gains and if you have the patience - longer term big results.
Failing that - why not chill out for a while and watch the world power plays - Trump, May, Le Pen and Merkel - lots of opportunities to make money if you call it right IMO.
Yesterday was a very surprisingly bad afternoon for lots of big mining and oil companies - VED dropped most along with SOU - settled at about 12% down but today may see a "dead cat bounce" on the big companies SPs
Best wishes and best of luck with whatever you decide