Shares...Can Money Be Made in Ivesting?

moneylover

evilwitch wrote: »

Original stake was £60k. My portfolio is now worth £70k.
I have taken the £10k out and will be investing again once Barclays hit the 1.40 mark. Hopefully in the next couple of weeks.

And have you used a stop loss or have you just waited for a rise each time?

evilwitch

No just wait for the rise

gozomark

what happens if you buy at 1.40 and it goes to 1.00 ?

one bad call wipes out several good calls

moneylover

gozomark wrote: »

what happens if you buy at 1.40 and it goes to 1.00 ?

one bad call wipes out several good calls

Yes I agree. It depends I suppose on how low the market is - there possibly isnt the proportional loss there was. I have lost a lot of money on paper with Lloyds bank. I used to buy and sell their shares within a range and made a bit of money and collected a few dividends. However I never set a stop loss and when they first started dropping dramatically just hung on which was a big mistake and one I know some investors make. I had £4000 of their shares at about £5 and so its easy to work out what those are now worth! Lucky I dont need access to the money as it will be for ever before I recoup those losses!