I went a mix in the dip, AFC, QS, SPCE, RMO all +10%, CWR and ITM a little down, but all ones Iāve had on the watchlist since the start.
Slightly redder today but still, Ā£2 down is better Ā£200
I paid another tuition fee this morning. I had some shares in PREM that were doing nicely. Some good news came this morning and the price started rocketing. Added some more money and a stop loss to be on the safe side. I bought near the peak and the price went down as fast as it went up and it hit my stop loss almost immediately. Pretty much /\
I got greedy, should have took the gains from the shares I held rather than trying for more. Classic ābuy the rumour, sell the newsā but I bought the rumour and put even more into the news and then sold at a loss. I need to avoid risky stocks.
I did buy some SMT a couple of days ago however, which are promptly falling already.
Iāve made so many mistakes this past week. Only good thing I did was getting into ARB at 2.00 with some luck on Primary Bid. That covers the losses Iāve made and gives me green overall, but I plan to hold those shares.
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youāve had a really tough couple of weeks. Iām still hurting from CCIV so I get it. What I did with a certain game shop was set limit sells at intervals all the way up to $500 and most of them got hit which was great. I had similar with CCIV at 55,65,85 and 100 but sadly they were far too ambitious and it peaked at 62. Taking profits is the hardest best decision youāll make.
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I assume youāre talking about GME. I was hovering over the buy button on that the other day when it was 345. I refreshed the chart and it was down to 300, then again down to 260ish. I decided not to. I guess if you set a stop loss close to what you buy for and a sell limit at +10% itās hard to lose too much. Although I do wonder how well a stop loss kicks in when a stock plummets almost instantly like GME did on Wednesday. I lost about 15% of what I put into PREM, but the total loss in Ā£ was about 1% of my portfolio so while it sucks itās recoverable. Most of my money is in safer stocks. I managed to avoid the CCIV train.
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One piece of advice I have for some of the new investors here is try not to play the market so short term. Getting decent profits this way is extremely technical and unless youāre very lucky your not going to maximize your potential returns.
I see a lot of people stating in forums that they plan to hold long and then see just as many people saying they panicked and sold at a loss. If you have faith in the stock ignore the market volatility, your stock will get caught in the ups and downs but good stocks will come good eventually. If you plan on cashing out at xx profit then go for it if it reaches it.
Iāve seen a Ā£5k investment drop -20% at one point this week, not for a second did I consider sellingā¦ itās now +5%ā¦ I have no plan on selling this stock for another few years unless something drastic happens to the company itself. This Ā£5k investment could fizzle out to nothing but itās not Ā£5k Iām reliant on in any way. Would be gutted if it did but thatās the riskā¦
As always DYOR and best of luck.
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The 3 main ways to play the market strategy and you need to know which one you are doing:
ā¢ Buffet Style business investing.
ā¢ Options.
ā¢ Passive index investing buy & hold.
Seeing posts about ābuying the crash last weekā or ābuy anything itāll go up in timeā is not the entire picture.
A real crash is when things go down, mass panic hits and there are no golden angels to bail you out. A real crash is 2 years after the crash and the majority of people are still reeling from the panic. Only to find out that in real term gains it takes a further 8 years to get back to where you started.
When you buy stocks or etfās and these things go down 40%, 60% or even (100%) and you are buying them in a way where writing them off against your taxes is not possible, the more I learn the more I realise that without insurance, i.e. a hedge, i.e. options against your portfolio, you are a sitting duck to be the bag holder.
My insights to anybody starting out, learn what you are doing. Learn it while things are going well, that way you will not be the bag holder.
I havenāt looked into the exact way that Mark Cuban essentially had insurance on his stock bets, if he lost he won - if he won he won big.
Nobody wants to be holding a Ā£100K portfolio that falls 50% and spends 7-10 years being worth Ā£50K until partly recovering. This is also where fees come into play. You certainly do not want to be holding a fund charging 0.80% or 1% for years when your investment has already fallen in half.
Best to write this stuff when things are going well and apologies for being the bearer of reality but when you look at the economy, itās pretty clear that the market is absolutely delusional and detached inherently from any form of fundamentals.
Know your strategy and learn it and stick with it. (And have an accountant as a friend).
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I heard an interview with Russ Mould from A J Bell a while ago and he talked a load of sense about knowing your style when it comes to investment. When I thought about the mistakes I have made in the past (there have been many) its usually due to me being seduced into something a little out of my normal style. Its too easy to make mistakes and then compound them with more mistakes when you stray away from what you know and is proven to work
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What you say is all true, but it does take several corrections before you really start to be calm about the downturns. I make a bit more effort to find cash these days when we get an across the board dip.
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I finished the week down -0.19% >_>
I really would like to see a week with a net green.
I really like this channel. He show charts I wouldnāt even think to look for and compares the present day with major moves in the past. He also considers fundamentals and investor sentiment as well as some technical stuff
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Iām just starting out with very small cash outlay and am learning. This is where I am at at the moment in building a little portfolio. Bought into Kanobo and mgc pharmaceutical last week. They are green. This week bought into msci world, msci emerging markets and msci world small cap. They are all just green. Glencore is just green. Greatland gold and Hays are my reds. Like I say only small cash punts so having a bit of fun and learning as I go along.
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I look forward to the weekend because I can watch Ciovacco!
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It could be worse, you could be the Reddit guy two weeks into his trading with Gamestopā¦
āIām 14% up this week so quite happy, just slow small steps each week like this one and Iāll be fineā
Imagine, being 14% up in a week and thinking , youāve got it sussed and every weeks going to be like the last one.
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The US market is at all time highs, unemployment is very high, and interest rates are at all time lows. There are legitimate reasons for concern about valuations, which is probably why things have been volatile the last few months.
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Absolutely!! There are many potential ācontributing factorsā to wild increases or decreases in values with all of what is happening in the world right now.
Who would of seen the Gamestop story happening 12 months ago? And with so many stimulus checks allegedly being put into shares there could be some surprise stories in the next few months.
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Not me, but I am jealous I didnāt chip in back when it happened.
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The hindsight never does get easier to manage 
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Why?
It sold off it was 50 the other day and went to 300thereafterā¦
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https://finance.yahoo.com/news/know-options exact-week-tesla-gamestop-132822713.html
I have no idea about options. I find it intriguing the predictions can go either way. Now I know exactly the same as before reading it 
