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mancunian

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Everything posted by mancunian

  1. https://www.investingadvicewatchdog.com/market-timing.html recommends buy and hold along with most other websites I read
  2. tffx thank you for your feedback. No dividends will be paid out. Yes my original aim was a short term investment - probably 18 months to 3 years unless US elections or COVID force me out sooner. However, when I see the profit building daily with sharp sometimes large pullbacks it does become tempting to day/swing trade as all those rises should exceed the total gain from just investing. But my gut tells me that will be a lot of careful work and time for me which, unless my timing is very good, may not actually make more money than passive investing due to misjudging the pullbacks.
  3. Jst to add I purchased the shares in the above trade (not doing spread bet or cfd) Dmedin - hey that sounds like a clever approach thank you
  4. OK so I am in a a trade/investment which is currently quite profitable with a strong but quite volatile upward trend but I cannot decide whether to : a) take profits in smaller chunks along the way every day or so as the upward trend continues and allows i.e. cash in before the pullbacks and rebuy the the dips - this may be digffficult as I would have to be be able spot the interim tops before the pullbacks happen and Ithe bottoms of the pullbacks. am also having to pay the spread each time I move in and out of the market. This would take a lot of monitoring and time and I guess would turn me into a day/swing trader. OR b) just leave the trade alone and ride the rollercoaster for a few years until I think it has reached the end of its long trerm upward trend. This may mean I do not make as much profit as I do not benefit in the extra profit made by buying the pullback dips but is easier to do - just sit back and wait? c) a better option? I would appreciate anybodys advice or opinion as it always tempting do a) grab the chuncks of profit along the way but I fear this may take more skill and actually result in a lower profits. Your thoughts please thak you?
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