RE: Buys/Sells29 Jan 2024 10:05
Thanks Mary, I have watched lots on swing traders, they usually buy something that looks good (have relative strength) set stop losses then slice a 1/3 off then free roll the trade or get out if it doesn't go up, your way seems different in that you commit more to a stock you like then keep your average low and build on that stock if the opportunity presents it self.
Its a different way of doing it, you still need the expertise on reading when stocks are over extended and a dip is incoming, but you are more committed to a stock you like you and can read the chart patterns/price.
I do think some people think they know it all, I have seen some people committed to a stock they think will rise and stayed with it for literally years watching it do nothing, others gambling on exploration stocks losing it all, me myself I think ISA's can almost become a prison where you are afraid to sell so you don't lose that 20% on profits, we should all be learning till the day we leave this Earth.
Thanks a lot Mary.