Play safe and still make a lot of money3 Sep 2023 21:35
I would say for most people 50,000 is a lot of money.
Let’s say you invested £10,000 here at 10p so you will have 100,000 shares. They get back to 20p again you sell 40% so 40000 shares for 8,000 .. you’ve nearly got your money back so you can relax! They then go up to 40p and you sell 40% of remaining balance so sell 24,000 shares for 9,600; they then go up to 80p you sell 40% of the remaining balance so you sell 14,400 for 11,500; they then go up to 1.60 you sell 40% of the remaining shares for 13,000. So you’ve now had proceeds of approx 42,000 and still have 13,360 shares left to sell whenever you want. So whilst being cautious and not too greedy you will still have made a lot of money by most measures.
That’s roughly what I plan to do. So from 20p onwards which I am sure it will soon reach again I will totally relaxed about my investment and can really enjoy the ride from there.