RE: Did SAM Get back in?7 May 2020 19:25
Not advice here Sam.. Just my opinion and what I've found works and I am by no means an expert. Soon as you think you've mastered the market..it will bite you. Respect it and make it your friend, it's talking to you every second when awake.
-The average trader holds for 90 days. (day traders use CFD's mostly)
-The average investor 9 months (Wise ones like Buffet a lot longer)
-Only sell or top slice when in profit.
-If you are a seller at a loss. have a reason.. Sell the lot, move on and never look back.
-If you have x amount to invest. Spilt it in batches.
-Keep in mind the spread and dealing costs as to how many batches. Higher spread maybe 2, lower 3 or 4 batches.
-Have targets.. What is this share underpriced/overpriced at. Review these regularly as they can change with news/progress/failure.
-Understand compounding
--- Re.. Dividends reinvested
---Re.. How long it takes for real eye watering results
---Re..How trading like you are is working against you via spread and dealing costs..compounding quickly against you.
Question for you..
I want to offer you a contract to come and work for me.. I'll give you two options
1p per day doubling every day for 1month. (31 days)
£30,000 paid now upfront.
Quick answer, which would you take?