RE: Share price = placing price3 Oct 2020 22:05
You can sell for a loss, if you think it'll go down further (I have over the last year).
But then you have to buy back in when you think it'll go up to profit.
And, if it goes up when you've just sold, you can end up making a loss.
There are big profits to be had.
Big losses as well.
Doing things this way you have to start by reducing your losses first.
Once that's been achieved, you have the option to keep going and start building profits instead.
On paper it's exactly the same as 'normal' trading, except your starting point is from the position of a loss.
This has a psychological effect on your decisions and shouldn't be undertaken without accepting that.
Can be done, but be VERY careful.
Take some time to think about it, D.Y.O.R., and NEVER listen to others (especially from this forum).
I'd just got my Buy down to 0.32p, from 0.75p, when it fell again on Friday.
Was expecting it, but not quite so soon.
Such is life, just have to work a bit longer on it now and I do notice the difference of doing this when the SP is heading down.
I do when it's headed up as well.
Perfect situation for me is when it fixes on a point and goes up and down around that.
It's been 0.2p since the beginning of June, but then the spread has been too wide for most of that to make a trade worthwhile.
Only managed three in four months for between 5% and 20%.
Three years ago you could do three in the same day and make over 10% on each one.