RE: Capdevilla20 Aug 2020 15:34
Oktane, I will answer you cordially and politely, despite your implied tone.
My investing strategy doesn't change on the whole.
But I do adapt it quickly to certain situational changes.
I did have a BP sale last week at £3.10 (+10%).
And yes I did make a mistake.
I bought them all back at £2.97, when plainly I should have waited.
Hardest thing for me to deal with when I trade is hindsight.
Have to be happy with making a target and then forgetting anything I may have missed out on.
Very, very, hard, particularly with UKOG.
Please do not try to mislead; I have never ever claimed to be an expert investor.
In fact I have gone out of my way to be quite clear that I am a beginner/novice/amateur investor.
Though I have invested for a long time, my early years were by others investing for me.
In the 2000's I started to become interested in how investing works.
From 2007 to 2010 I started managing some of my own investments.
By 2016 I had taken over management of my whole portfolio.
The UKOG portion of my portfolio is small (percentagewise).
The only share I trade from my main portfolio is BP.
I get 6% annual dividend (not this year as they halved the Q2 divi).
But, I do trade it because I can get 10% and usually buy back in before the next dividend.
The most I have on one BP trade is 60% in 2016.
Obviously the mathematics of trading against a dividend (in thius instance) makes sense.
I am hopeful that my recent 10% will also make sense in due course.
But, I believe BP will start to rise again soon so I will hold now, regardless.
Also, as a matter of interest, I ee it's price breaking £6.00 again sometime between xmas and the next thirty months.
So, happy to hold for that.
If I see it may fall again, I will trade again.
:)
I consider everything I trade (except BP) as separate to my main portfolio and it is all done with money I do not rely on for income.
On the whole my main portfolio is invested as safely as I think reasonable, while still making a good growth and profit.
My annual investment income comfortably exceeds my costs, which I find pleasing and incentive enough to continue what I'm doing.
I hope you, and everyone here, are able to exceed your investing needs and goals (as I have said many times).
I do not consider this a competition between contributors, rather it is a competition between us and the markets.
I only take issue with those who speak solely to confuse issues and agendas and try to deceive others into losing money.
:)