RE: 11p to 0.04's.....22 Aug 2023 19:21
@ G Williams
I agree, it would be too much of a gamble for me any more.
I think I've bought in once in the last eighteen months, made a 12% (by luck, although that's how all of my trading seems to go, hahah).
Sold my last shares here at the start of this year and shared that with the group, for visibility.
I used to propose that LTH's consider flipping shares as a strategy (I considered it and it definitely worked for me at the start).
I do not recommend it any more, with UKOG.
There are still opportunities but crypto, which I also shy away from, might be a better bet these days.
I said I would not post negatively here since I was probably out for good and I have not.
However I still regret seeing so many still hanging on for a dubious, but predictable outcome.
I wish those left (and anyone else, frankly) the best of luck and fortune however they make it, for as long as it continues to be legitimate and does not try to sucker someone else in.
@Vernonya
I am sorry to hear about yours (and anyone's loss) here.
I published what I did and when I did it and since.
Some criticised me for it, fine.
If I only had £100k "to play with" I wouldn't have risked £1,000 in AIM.
I actually advised a friend against it originally and then looked again and thought it might continue to rise (I originally bought in around 3p, but sold at 10p).
After selling my initial stake for 300% I, like everyone else, noticed it began to fall.
But I also saw that, while it was trending downward overall, it was still going up and down 20 -30% several times per day.
I tried to target the middle of those peaks, just 10% of a 30% movement.
Again I was generally lucky and sometimes managed to hit 30%.
That would have been overnight though, when I left an order to catch any movement before I woke up.
I once caught a 20% while I was still completing the order (whole thing executed within 30 seconds, before I'd even noticed any movement).
I re-invested all my profits until it got to £100k. when I chickened out and reduced my wagers to £10k.
You mention my sums, so you will know that, doing this, it took me less than 40 trades over 18 months*.
*I did more but have always chosen to talk about a result from that 18 month period of only £100k, to keep things simple.
I regret that you were not able to do the same.
Like everyone else, you can believe me or not, because it matters not.
You are words on a page to me.
Now 63, I have (more than) secured my financial future long ago - Before my first post on this forum; even before my first investment in to UKOG.
Now I'm continuing to try to grow my estate but, the rest is for my heirs.
The forum itself I still find immensely entertaining, especially as people reveal more and more about themselves from their reactions to others.
:)
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