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Oil not sure how long you have been in the markets but that’s what they do. It’s not easy. You have to find a bargain but that too will also go down and a lot of people will feel it only then goes up after they sell. Have patience and will pay off but I’ve also learnt the hard way you don’t want to me left holding on for too long either. Also if you believe in the company hold back some money to average down. As soon as you make that 20/25% sell and look for another bargain. I sold all my Hbr yesterday to buy more IAG. Already had some from £1.80, £1.55 and £1.45. Hopefully for me these will get to £1.60 before Hbr gets to £6. Either way I know they will get to £2. The question is when
My average is 90p. Have around £100k and will look to add another £20k if it drops to 75p. Hopefully it won’t. Long term this is a no brainer. We at 52 week low and Rsi is at 38. If it gets to 75p quickly will be way oversold. It’s easy to start panicking when USA markets are taking hammering but as someone else mentioned earlier a correction was due with a lot of US stocks especially after the rally yesterday but RR IAg and the likes are already v low. if you have the money just average down and then come back in six months. COVID lockdowns in a China can’t carry on for ever. Russias war with Ukraine will have to also end soon. Nothing carries on forever. Gla
I’m only asking to work out what you up to mate. I’ve been in market for over 20 yrs and made good money without having to deramp or ramp a share. All I can think of is you are getting paid to deramp as not even shorters would spend the amount of time you do trying to deramp it.
https://twitter.com/staunovo/status/1519560706823229441?s=21&t=Rtr362dKedtNLn6kj8fXQA