RE: Earthquakes29 Aug 2019 06:28
Any profit you make is profit.
1% is not sufficient reward (at least for me) for the risk involved.
But waiting for the share to rise/fall by 10% can take longer to achieve.
I have found that 5% is a good compromise..., for UKOG shares.
I have made bigger profits more quickly, though these are usually "accidental good fortune".
As soon as a Buy/Sell order is executed I make an advance order to Sell/Buy back automatically.
Yesterday's 1.05p Buy is now listed to Sell at 1.10p.
Sometimes the price can shoot up to, say, 1.2p so quickly that the Sell happens at that price rather than the 1.1p I've already set.
Similarly with Buys falling lower than my intended price.
Sometimes it takes a day for the price rise/fall to happen, sometimes weeks, or months.
As long as I'm out-performing the annual bank savings rate, it's worth doing.
Bear in mind the risk as well; If planning doesn't go through smoothly, or at all, we could be sitting on shares for a while, waiting for the price to reccover again.
:)