RE: Safe to dip those toes back in the water big again04 Aug 2022 14:23
Against all my better judgement, I averaged down. I've got a 45p average now. I was one of those who got in around £1.15. Crossing all digits and happy to wait. Just feels nice to be 50% down instead of 70%.
GLA. I definitely made some major trading **** ups this week, so this is my stab at rectifying it slightly. Could be terrible judgement, let's see.
I feel you Roharps, I sold most of my holding on a stop loss at 49p, and got only 30p per share, that was from a 60p average. It was brutal. Stop loss doesn't operate as well as I had imagined. So, a big real world, crystalized loss too. Hard lesson for sure. Made me think twice about small caps and investing in companies as opposed to Index funds.
I still have a small holding at 90p average. Currently debating if I just write it off, or average down. Feel like I'd just be throwing good money after bad right now.
I'm always interested to see what investment decisions people have made in some detail. I think at these prices, you'll do fine. Me, I'm holding a £21 average, but only in for like £3000.
Currently, I don't think I really want to average down. It just seems like a constant circle of throwing in more and more cash as the SP decreases. Whole discretionary retail sector is going to be hit hard over the next year or two. It'll take some time to come good.
I sold out of about half my holding at a loss yesterday. I'm kinda done with the individual company game and am going to focus on a small number of index funds / ETFs. I'm keeping the above mentioned holding and will just sit on it for 5 years, or whatever it takes.
RE: have a proper read and see the upside from this level.03 Aug 2022 09:41
Hi HeresHopin, yes the stop loss did kick in... I have a core holding still and I had a larger holding averaged around 55p I was trading (in retrospect foolishly) into what I thought would be solid results. As I have now learnt, stop loss doesn't really work as advertised and I lost a few grand yesterday. Hard lesson there.
I think full year results are going to make for depressing reading tbh. We're all going to need a 2-3 year time scale to see this recover. If not more. Not being negative for the sake of it, the entire sector is hurting.
RE: this week's topical buy into results.01 Aug 2022 14:25
Sorry @AnacottSteel1, I didn't word that very clearly...or you read it very fast! I was saying that IPF (International Personal Finance) are in a totally different sector, but they did follow the same pattern of a strong rise pre-results just last week. THG, yes, they do indeed have a lot of cross over.