|Was I right? Was I wrong?|
But since I bought shares that were hitting lows in their wave pattern (see last post) my UK purchases are running with minimal losses. I have to say that the performance of SVS has made up for poorer results elsewhere but that is what spreading risk is all about. I always buy a range of shares because while my crystal ball can't tell me which share will rise by 5 or 50% in a week it can show me where I to look for shares that might. (For crystal ball read educated guess.) I have to buy a selection of shares to increase my chances of finding the bright star in a cluster that may shine less brightly but still glisten.
So what next? I have to guard against the real possibility that I have screwed up on timing and will have to beat a hasty retreat. The plan is to tighten stop losses - i.e. I pull out of shares more quickly if they go the wrong way and take profits more quickly - my finger is hovering over the sell button on SVS (6.7% after costs in a week is not bad - why should I be greedy and want more. Then I still have the option of buying shorts. You can see that it's far more fun when I am holding shares.
Visitors for lunch today. I've made them a goulash , Czech style. It's a stew not the Hungarian soup.
Halusky . It is not possible to get the right sort of flour in the UK so a mix is the best bet.