RE: How much is everyone down2 May 2020 20:53
Very first one got me 300%.
Wasn't intending to even trade.
Just don't like sudden swings, either way so I sold out.
Just happened to have got in as 'the spike' started.
That one sell made me wonder if I would be able to trade profitably (something I regarded previously as about as realistic a possibility as regular visits to a bookie).
Over the next twelve to eighteen months I bought and sold targeting rises and falls of 10%.
I always left a higher figure for 'pending' dealing instructions and would wake up some days to a deal of 20 or 40%, without even doing anything.
During this period I would roll my whole profit forward as my new stake.
These figures only refer to funds I dealt from my ISA, so doesn't include profits in my SIPP (which I wasn't fully managing myself at the time).
Some days the SP was so volatile I made two complete buy/sell trades in a day, and some I even made three.
One day I bought in and, as is my practice, automatically completed the form to leave a 'reverse' advance instruction to sell when the price fell 20%.
It took me one minute and, when I pressed the complete button, the price had already fallen that much and the deal executed.
So 20% in one minute.
And by then the size of my stake was considerable.
Then things slowed a lot at the end of Summer 2018.
I made a few trades after March 19 and it slowed again after Summer 2019, to the point where I's stopped rolling my total and was just investing in £10k chunks, and only targeting 5% deals.
Of those I think I have sold two for just 2% and 4% for quick returns.
That was my whole strategy with UKOG, just go for quick turnarounds.
To get to £100k took me (I think) just 35 trades, between June 2017 and xmas 2018.
I have made more since but, as I say, for much less and they have required me to settle for lower profits and longer turnarounds.
Time was my enemy with this, particularly over the last year when the SP has slid down pretty steadily.
Most of the investment I left in after xmas 2018 is worth less than half what I bought it for.
Because of the success I had here, I also traded Blue Prism and Fevertree* (both on their way up).
I've made quick money with them and got out before they slid, but nothing like I've made from UKOG.
I hold a lot in BP shares.
Again I bought in for the dividend but I could sell them every xmas (except the last two years) and they would fall off in the Summer, when I'd buy them back.
When I traded BP I'd make about 20% but I could only do it once or twice per year.
If I didn't sell, there was still a 6% dividend.
I recently bought a load more at £3.00, for the same reason, although I believe that there will be a violent upswing when the glut goes and then I will sell again.
:)