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longtomsilver

IQE

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I'm holding 40,000 shares in IQE bought at 22p average and am thinking should I just take profits now. The IMG drop today unnerved me but IQE have held up remarkably well. If IMG dead cat bounce tomorrow that may well pull the sector up briefly?

I wouldn't mind if people on here were to say sell and then they soared to £2. I'm a half hearted investor.

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Ugh. No advice from me but I owned some for a while. Bought at 19.4p in January 2016 and they promptly dropped. It was the only individual share I've ever held, everything else in trackers. Too uncomfortable for me so I sold out in July 16 at 22.6p, and obviously the share price has tripled since then.

I am sore, and unlikely to ever buy individual shares again. Perhaps a useful lesson to learn where my risk tolerance lies.

Edited by Inoperational Bumblebee

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2 hours ago, Inoperational Bumblebee said:

Ugh. No advice from me but I owned some for a while. Bought at 19.4p in January 2016 and they promptly dropped. It was the only individual share I've ever held, everything else in trackers. Too uncomfortable for me so I sold out in July 16 at 22.6p, and obviously the share price has tripled since then.

I am sore, and unlikely to ever buy individual shares again. Perhaps a useful lesson to learn where my risk tolerance lies.

I too was equally fed-up about the same time as you and sold 35,000 shares for 20.07p in June 2016. Luckily I didn't sell out completely, and held on.

Trading in and out of shares has cost me dearly in fees (£4,000 over five years) and time that I won't get back. Overall I'm up 40% and all my sells will  now get put into vanguard and fidelity tracker funds with low management fees that were mentioned on another thread and I can put myself to good use, maybe getting a proper job.

I'd hate to be a full time day-trader, so depressing even if making a profit. 

Edited by longtomsilver

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Maybe just sell half or 75% then? Made your money back and a bit more, plus you'll still have skin in the game. [TINA, DYOR, etc.]

IKWYM about trading; I dabble with currencies on and off, only small amounts for 'entertainment' but I find the high volatility so much more stressful! Being a few quid down on a currency trade is way more stressful than being orders of magnitude more down in my buy-and-hold portfolio. That's why it's entertainment only...

Edited by Inoperational Bumblebee
Not advice! ;)

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On 04/04/2017 at 5:05 PM, longtomsilver said:

I too was equally fed-up about the same time as you and sold 35,000 shares for 20.07p in June 2016. Luckily I didn't sell out completely, and held on.

Trading in and out of shares has cost me dearly in fees (£4,000 over five years) and time that I won't get back. Overall I'm up 40% and all my sells will  now get put into vanguard and fidelity tracker funds with low management fees that were mentioned on another thread and I can put myself to good use, maybe getting a proper job.

I'd hate to be a full time day-trader, so depressing even if making a profit. 

Looking back the 35,000 shares I no longer hold ? IQE are doing very well at least I have a little skin in the game here.

 

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