Your Top share for 2011

thriftychap_2

I sold OXB at a loss today. Lost a total 54p including all buying and selling fee's. My bad!!!!

ChrisEvanson

IronWolf wrote: »

I would agreed that sometimes you should accept a loss, but I would never use a stop loss. If anything, when a companies price tanks (unless something disastrous has happened) I buy MORE and average down. Theres no point trying to get out and back in, the markets hard to predict and you could end up with a lost opportunity, I just decide whether I want to buy at whatever price the market quotes that day.

How much have you made in shares then? Robbie Burns is making around £80-100k a year trading shares from home and one of his biggest tips is to make money you have to accept a loss and thus set a price to get out and move on.

How many people do you know who sadly say how their shares fell from £8 to 50p but now they are at £3 and they hope to recoup the losses eventually? Why? Get out when they fall below your floor. Sure it is easy to think they will go up soon, they will go up soon....that's the problem though isn't it, people get emotionally attached to their shares.

I'm not talking slight movements, and yes it depends on the share and whether it is a long term recovery share, a short term risky one etc or if it is temporary bad news or major pooo hitting the fan. I wouldn't ALWAYS observe the stop loss but you have to have some 'rules' in place even if they are slightly fuzzy ones.

sabretoothtigger

Notiiced BEM is up 1400% now, someone on here was talking about them over the summer at 3p they 50p now

chris_m

sabretoothtigger wrote: »

Notiiced BEM is up 1400% now, someone on here was talking about them over the summer at 3p they 50p now

I know - I got out at 27p when they suddenly dropped from 36p in a couple of hours :mad:
Did wonder about buying again when they'd stabilised around 20p, but missed that boat.

Made a decent return anyway so "what if" is academic.

cashbackproblems

Check my post history iv been boosting sxx for years when they were 2/3p and they now sit at 20p+

Jackop

cashbackproblems wrote: »

Check my post history iv been boosting sxx for years when they were 2/3p and they now sit at 20p+

I havent been in that long. My average is about 9p now been drip feeding since October.

But great news all the same, i picked it for 2012 not 3 weeks into 2011!

Very happy today and i suspect you are even happier cashbackproblems! :beer:

thriftychap_2

I did some more reading last night on OXB and did not really have any faith in the share anymore, would not have been wise to keep it on the basis of hope/crossing my fingers. Going to put the money into IAE.L.

Unless someone has a good tip??? please base it on fact not a hunch......

mr_fishbulb

thriftychap wrote: »

Please post the progress of your recommendation - even if its down!!!;

I went through and grabbed as many codes as I could from this thread and stuck them in a Google portfolio.

If we had bought 1 share in each before the markets closed on 31st Dec 2010, we would have made £5.54 by now (excluding trading costs)

Here's the table:

purch

I went through and grabbed as many codes as I could from this thread and stuck them in a Google portfolio.

Waaaay too much spare time on your hands :eek:

mr_fishbulb

purch wrote: »

Waaaay too much spare time on your hands :eek:

Haha I know!

Wanted to test this wisdom of crowds thing.