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Greetings Crazy Galoots,
The great lesson in Crazyland is getting the timing right.
Easier said than done, of course.
Nobody knows how a share will behave. But I try this method, among others.
A share does not rise for ever. There are a few companies that trickle up very regularly. But even they pause for breath.
I expect a share to rise for no more than three days. Then I sell for a profit. I do not buy it back for some time. Even if it goes on improving for a bit.
However, if it suddenly soars away again, I will buy it back, probably in a larger quantity than before.
Let's face it, the effect of dropping out for a bit is not usually that great. It's probably only a penny or two that I've lost on each share.
But if the share does not suddenly leap forward again - and it must be admitted that most of them do not - then I have pocketed a profit. And even if the share does resume it's merry way upwards - and I am now out of it - then I will still have pocketed a profit. Which is always better than a loss. Rock on!
To find out more about Malcolm CLICK HERE
UKSA is the leading independent organisation for private shareholders in the United Kingdom. It campaigns to protect your rights as a shareholder and runs educational activities for members.
For more information about UKSA CLICK HERE
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