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crock

How To Regain Confidence In Trading !

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I've started buying shares in the last 3 months and things have gone v.well...until the last two weeks !

I started with 2 K and invested in debt companies of which have been doing good - i sold all debt shares and made an overall gain of £ 800.00 in three months.

Reinvested in some other companies and am now back to my original 2K !

Is it possible to predict the top end price of a share and how long do you hold ? - 20 % rise, 30 % rise etc etc

When do you sell and when do you hold - if i had kept the debt companies shares i would now be £ 1200 up !!

How do regain confidence when the decisions you make are the wrong ones and you loose money !!

Edited by crock

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start again and don't beat yourself up too much. getting it wrong is part of the game.

always reduce your size or stake after you lose money. discipline is a trader's greatest friend. aim to lose no more than 5% of your net worth on any trading day. and do not compromise on that rule EVER.

Edited by spoon

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I've been looking at the debt companies - they've been fairly erratic (but staying near their top end peaks). I've currently offloaded all mine now and am waiting to see what happens. I've only made a small amount, but its more of a learning curve for me.

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I've started buying shares in the last 3 months and things have gone v.well...until the last two weeks !

I started with 2 K and invested in debt companies of which have been doing good - i sold all debt shares and made an overall gain of £ 800.00 in three months.

Reinvested in some other companies and am now back to my original 2K !

Is it possible to predict the top end price of a share and how long do you hold ? - 20 % rise, 30 % rise etc etc

When do you sell and when do you hold - if i had kept the debt companies shares i would now be £ 1200 up !!

How do regain confidence when the decisions you make are the wrong ones and you loose money !!

Are you sure they have fallen permantly? 2 weeks is not a long time to have held a share, have a look at graphs, they go up and down like the tide. You may need a bit more patience and learn to read company finances, statements etc before you jump in.

After my first month I was something like 2 grand down, next month was up 3! Its called learning, should have started a month later, would have been laughing ;)

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I found it made sense to invest with a slightly longer term, lower risk strategy when I started out.

I started with things like index trackers and investment trusts and then slowly started trying my hand with individual shares after I'd been watching and using monopoly money portfolios for a while. Whacking all of your funds straight into a couple of highly volitile shares is a pretty high risk strategy, but all part of the learning process I suppose.

Of cause I'm no trading or investment guru, I've not yet plucked up the bottle to try spread betting or CFD with real money!

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I've been trading for last 3 months too. Mainly in high risk Oil & Gas companies. My portfolio has been up and down like a bloody yo-yo. I also hold a couple of debt companies for the long term. I often find myself jumping on the daily high movers just to make a quick buck. Very exciting and a bit risky.

They say to be a good trader you must be unemotional, patient and have a strategy and tisck to it. After 3 months I still haven't worked out a strategy, I do get emotionally attached to some companies and I am the least patient person I know. Good luck to anyone that trades.

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Guest wrongmove

Whacking all of your funds straight into a couple of highly volitile shares is a pretty high risk strategy

Now you tell me ! :lol:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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