And the Metro bank shares that I bought for 37p each when they dropped have slowly started to climb up - currently 57p (I decided to hold on and not cash in when they went back up a bit).
Maybe set yourself a 'stop profit' level. e.g. sell at 70p, sell at 50p i.e. sell if it goes above 70p, sell if it goes below 50p (only an example and I don't know how much stock you are holding of course).
A former CEO of a company I worked for many years ago gave me sage advice that I have always tried to stick by - 'Always set a stop profit/loss sell point'.
Sensible advice. I'd also consider setting a trailing stop loss to make sure at least some profits are locked in once made.
So for example, if you buy at 50p with a trailing stop loss of 10% and the shares rise to 70p, your stop loss price becomes 70p less 10%, ie 63p.
I'm also a fan of taking profits as a share rises so that you lock these in and your exposure to price drops is limited. There may even be rare occasions where the shares you retain are effectively free.
And the Metro bank shares that I bought for 37p each when they dropped have slowly started to climb up - currently 57p (I decided to hold on and not cash in when they went back up a bit).
Maybe set yourself a 'stop profit' level. e.g. sell at 70p, sell at 50p i.e. sell if it goes above 70p, sell if it goes below 50p (only an example and I don't know how much stock you are holding of course).
A former CEO of a company I worked for many years ago gave me sage advice that I have always tried to stick by - 'Always set a stop profit/loss sell point'.
And if @CafcWest is reading, Metro shares have jumped nearly 7% this morning to over 69p…
Thank you @TelMc32 I would certainly consider cashing in...if I knew where better to invest the proceeds!!
And the Metro bank shares that I bought for 37p each when they dropped have slowly started to climb up - currently 57p (I decided to hold on and not cash in when they went back up a bit).
Maybe set yourself a 'stop profit' level. e.g. sell at 70p, sell at 50p i.e. sell if it goes above 70p, sell if it goes below 50p (only an example and I don't know how much stock you are holding of course).
A former CEO of a company I worked for many years ago gave me sage advice that I have always tried to stick by - 'Always set a stop profit/loss sell point'.
Sensible advice. I'd also consider setting a trailing stop loss to make sure at least some profits are locked in once made.
So for example, if you buy at 50p with a trailing stop loss of 10% and the shares rise to 70p, your stop loss price becomes 70p less 10%, ie 63p.
I'm also a fan of taking profits as a share rises so that you lock these in and your exposure to price drops is limited. There may even be rare occasions where the shares you retain are effectively free.
(nothing for me on PBs this month)
Absolutely - a couple of years ago I bought a chunk of BAT shares and thankfully they rose nicely enabling me to set revised stop profit/loss points.
Unfortunately not all of my share dealings have gone the right way, but have always managed to minimise any losses to an acceptable level with stop loss.
Total of £475 for me and Margaret consisting of 8 prizes, including 2 x £100 on max holding. It does feel like you generally have a good month then bad month so I’m expecting bugger all next month. Glad to see Lifers getting a better return compared to last month that was generally poor for most. How can it be so consistently variable for a ‘random’ group of bond holders that happen to be Charlton fans? It’s odd, isn’t it?!
Nothing again. Though I've got £50 worth from years ago and I know the pb number slip is in a file somewhere. It's been so long since I clapped eyes on it that I may have won several huge prizes in the meantime. Or not.
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3.2% return so far this year
I know the feeling.
EDIT: £150 for Father in law on Max holding.
4 consecutive months on zilch.
Time to put my money into something else me Thinks
Though I've got £50 worth from years ago and I know the pb number slip is in a file somewhere. It's been so long since I clapped eyes on it that I may have won several huge prizes in the meantime.
Or not.