snatching victory from the jaws of defeat...

MarcoM

Hello,
Has anyone here ever sold an individual share that was down 60% plus to then immediately buy another share with the proceeds of said sale and then make up the money lost and more?
Would be interested to know people's stories.

subjecttocontract

I operate a stop loss system so would already have sold before it lost 60% of its value.

silvercue

MarcoM said:

Hello,
Has anyone here ever sold an individual share that was down 60% plus to then immediately buy another share with the proceeds of said sale and then make up the money lost and more?
Would be interested to know people's stories.

Not so much on shares, but in the world of crypto this is how we roll!  

coastline

Crypto or shares it's a rollercoaster . From the FTSE link select say 20 shares and then set each chart to ALL. The volatility is eyewatering.
If an index can range say 20% in an average year then just think what happens to a single share. 

United Kingdom Stock Market Index (GB100) - 2023 Data - 1984-2022 Historical (tradingeconomics.com)

Once bought a car dealership (COWIE) years ago (telephone dealing) and next day it doubled. In a company share shave the option was 107p. After 5 years I bought and share rose to 200p. Stock market crashed and it was down to 50p. Held until recovery and sold at 130p. 5 years later it was 1200p. Recently crashed again to 60p so I bought in and out from 80p . Stopped playing a few months ago at 120p. Today 230p. 
My best efforts have been in a Single company PEP plan just before ISA's. Basically rules were £3,000 to invest in a single company. Traded my way to £26,000 before transfer to ISA. Still trading away with the help of TA ( tea leaves) and results are much better than global tracker so that'll do for me.