We would love to hear your thoughts about our site and services, please take our survey here.
You've inadvertently raised a very salient point dsmith. Posts on here and Twitter etc are centred solely on our own circumstances.
I've personally got 30 years until I need 1 penny of this cash so I'm pretty chilled and can wait as long as it takes. Sit on hands works well for situations like mine.
Indeed. It's a game of emotion and patience. It's both incredibly easy and yet very difficult.
Very efficient mechanism of transfering wealth from those that can't to those that can.
Great, solid results yet again. Couldn't resist a few more.
You "bought in without any research" this year. And now selling at a loss on an average of 20p?
You are the exact target of these shakeouts. You can't make the big gains if you can't handle these swings in high risk/high reward shares.
Seems like there's a large amount of investors in here that would genuinely prefer a worse business with a higher sp over a better business with a lower sp. Too many people wanting quick, large rewards with very low risk.
Low average eh John1970? Clearly a man of great integrity...
Posted in: ARB
Posts: 1,152
Price: 118.50
No Opinion
RE: Last day of the month tomorrow29 Sep 2021 17:54
I hold GGP(17p) in my sipp and many others and day trade in another account - anyway let’s see who’s right Arb tomorrow 112p and I will close my short
John1970
Posted in: ARB
Posts: 1,152
Price: 118.50
No Opinion
RE: Last day of the month tomorrow29 Sep 2021 17:50
I bought GGP at 6p last year and sold at 14p so your wrong and day trade GGP now and again
You've got me thinking here Zelos. I wonder how things would be if the number of shares held and purchase/sell history was publicly viewable in real time against your name. Can only chat when you have shares, sell and you are out. Interesting idea.
The issue, psychologically speaking, with a falling sp (assuming no plans to sell in the short/medium term) is the fear that it doesn't rise up again. If you have conviction in the company, the journey and what you are invested in, then those fears are probably unfounded. We naturally fear the unknown, but we are irrational beings, just like the market sometimes.
Hello Robbie,
I may be completely off the mark here, but it sounds as if you are not in a solid enough financial position to be investing at this stage, not just in high risk mining but in the market in general.
Personally, I'd have a minimum of 3 months living expenses (ideally at least 6) tucked away somewhere quickly accessable and safe.
I'd be completely debt free.
I'd have a time horizon of a minimum 3 years, ideally 5 and even more ideally 10.
If any of those are not met, then I don't think investing in the markets at all is wise, as you run the risk that you unfortunately have found yourself in. Time is the secret weapon to make money in the market.