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This is a discussion on Woolworths within the UK Shares forums, part of the Equities category; Now what do I do? Share price has rallied to eleven and a half pence based on managemtn shakeup. My ...

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Old Jan 30, 2008, 8:53am   #25
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arabianights started this thread Now what do I do? Share price has rallied to eleven and a half pence based on managemtn shakeup.

My traders instincts are to close the trade now... my investment instincts are to consider adding to my position.
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Old Jan 30, 2008, 9:13am   #26
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Now what do I do? Share price has rallied to eleven and a half pence based on managemtn shakeup.

My traders instincts are to close the trade now... my investment instincts are to consider adding to my position.
Don't understand what you're trying to do here. Your first post said that you had bought some speculatively as a 1yr+ holding, with a view that if it returned to 30-40p you could more than triple your money. Now, after a very small rally, you're talking about closing the bet. If you're a trader, trade it and take the profit. If you're an investor, what's happened to change your view since a few days ago? It's absolutely critical when going into a trade (even a speculative one) to be definite about what your objectives are, and what success/failure is defined as. I can't see how you can trade successfully without doing that!
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Old Jan 30, 2008, 10:07am   #27
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Don't understand what you're trying to do here.
Dithering... it's what I do best

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Your first post said that you had bought some speculatively as a 1yr+ holding, with a view that if it returned to 30-40p you could more than triple your money. Now, after a very small rally, you're talking about closing the bet. If you're a trader, trade it and take the profit. If you're an investor, what's happened to change your view since a few days ago? It's absolutely critical when going into a trade (even a speculative one) to be definite about what your objectives are, and what success/failure is defined as. I can't see how you can trade successfully without doing that!
I think that this is absolutely justified in the case of this trade, where I am acting a bit like a ninny, but I don't know if it's great general advice - I think you need to be able to change your mind about a trade at any time.
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Old Jan 30, 2008, 10:15am   #28
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Dithering... it's what I do best



I think that this is absolutely justified in the case of this trade, where I am acting a bit like a ninny, but I don't know if it's great general advice - I think you need to be able to change your mind about a trade at any time.
lol.

but re. the advice, I think it stands: sure you can change your mind, but you should be able to have pre-determined the events that would require you to do so, otherwise it's just winging it / guessing, n'est-ce pas?
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Old Jan 30, 2008, 3:11pm   #29
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If you can't decide, do both, sell half
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Old Jul 3, 2008, 3:23pm   #30
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Next buy for Woolies around 6pence
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Old Jul 3, 2008, 3:35pm   #31
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arabianights started this thread Heh... I got out of woolies more or less at the top. Dip bought them again and made more. And then about a week ago I got in at 9.18p. I've got progressive stops on so imagine I'm out of most of it by now but that was less successful.

My biggest error was forgetting how bloody slow stock investors are compared to us athletic quick thinking futures traders with large testicles... Bottom fishing the day after an announcement is too soon. I reckon they're still a very good buy versus the retail sector though and will consider adding (well, probably opening a new position - should check my CMC account) from around six and three quarters progressively to around two hundred pounds a point by six, stops in the four or fivish region.
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Old Nov 26, 2008, 4:34am   #32
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arabianights started this thread oops
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