I don't know about the well done, but thanks anyway..
I'm starting to act like a rabbit investor ..a car backfire and I'm off down the rabbit hole..
Printable View
Just been looking over my shares I sold over last 6-10 months etc ... to focus just two companies that I would do far better over a shorter timeframe than others has really cost me as one did move strongly the other has gone down ...I'm sure I'm not the only one kicking themselves for not holding many shares for longer in 15/16 ... been a boom year for the sectors I follow>>
first and last year I just hold 2 shares ....min 4 from 2017+
PGO-sold 2.3c now 14c .
ATC-sold 10c now 16c ..
CAV- sold .6c now 1.4c
PHK-sold 3.5c now 10c
TRY-sold 43c now 53c
MGX-sold 21c now 29.5c
simply gutted >>>>>>only one company I sold and glad to have was ACG saving me 20% loss in value...
funny as a tax paid trader I haven't traded since early march (the least in several years) .....just holding two shares waiting on the big pay day which is coming :)
Hmm,yes I know what you mean.I got nervous & reviewed portfolio back at beginning of year, sold some stocks that are up 25 % & 40% since :( More growth orientated companies where added to the portfolio and the portfolio that was retained is up 30% since January and bank OD is looking healthy.I didn't sell any during GFC and the portfolio went down around 75% ouch but felt I could ride it out as portfolio was made up of financially strong companies.Well in hind sight it may appear a dumb strategy but share portfolio now up 150% from peak value before GFC (2008?) .I find it difficult to trade successfully as it is difficult to time selling & repurchasing.I suspect there needs to be a 20% movement up & down in a share price, to ensure trading is successful over the long term for me .Over 30+ yrs of investing has hardened me to the volatility in my portfolio particularly now when interest & inflation are so low but where to from here? I am following your posts with interest to try and work out if I can improve on my investment strategy with consideration to the time required and nerves ;)
Interesting to me is Ratkins portfolio from what I can deduce,(Health & retirement orientated) is performing 10% better than mine but mine is closing the gap in the last few months having invested in growth orientated companies but I'm very wary as any risk off market period my portfolio is likely to take a hit.
Yeah I can think of other things to do naked that would be much more fun than that but being married means I don't experience them as often as I would like :scared:
Reading all the comments in the last few days really details the complexities of charts and how long it would take to get a handle on them (no pun intended).
Looking ahead I think its stating the obvious but SP will be dictated by the EOY results, outlook and associated special divvy but in the interim, I would be surprised if there is another drop and predict it holding in the current range and perhaps even track upwards bit by bit as it gets closer.
If there is one thing you learn with experience it is that anything can happen.
So, be prepared to be surprised.
"I don't make mistakes. I make prophecies which immediately turn out to be wrong."
― Murray Walker
https://chemtrailsnorthnz.files.word..._allblacks.jpg
Not a black swan.
Best Wishes
Paper Tiger
Fair comment PT - less likely probably a better way to word it - I wouldn't understand why anyone would sell so close to results time when we have a fairly decent indication of a special and with that a lift in SP. Just my thoughts of course.
Probably the same reason they invest in any share - to make money. There are winners and losers in most out there, I caught the falling knife a couple of times on the way down with stops in place (after the first decent drop that is) but played a smarter game from there trading in and out most days by selling first thing in the morning and buying on close and then scored more at 2.07 which I held then the BREXIT thing topped up at 2.035 and then more again at 2.11 and in the green overall. Smarter people bought up in the low 2 dollar range and now turned around 10 to 15% gain in a matter of weeks.
Why wouldn't anyone invest :confused:
I saw this Maersk trend this morning and it reminded me of this post. I've been wanting to contribute a little here, as I've gained a lot. So I thought I'd share :-)
Looks to have broken out of the 12 month down trend
50 day just about to cross the 200 day MA
MACD positive
My only concern is it looks a little over bought. So I'll watch it for the next couple of days to see if it retraces to the 9585 mark to get it. I'll report back how it goes, or if I change my mind :-)
*apologies it's from a market miles away
Attachment 8255