It certainly makes a pleasant change to see an interesting new thread on this discussion board, and feel free to continue to use UPPER CASE characters, as we all know that each BLOCK of CAPITAL is really important to you!!!
I thought you had recently sold quite a few shares in order to be able to “pounce” when any significant downturn or (further) correction happens, and that your (recent) entry into ETFs was to reduce the impact of significant movements in any single stock, but obviously you need to take whatever further action keeps you feeling comfortable.
As previously mentioned, any intervention in the market costs money - dealing fees and stamp duty for any share purchases.
If the amounts traded are low, then a reasonable margin between selling and buying back is required just to “break-even”, but if substantial amounts are involved for each trade, a significant “paper profit” can be obtained on much smaller margins.
I will continue to be a “lazy” investor, just “sitting on my hands” and waiting to see what happens.
With recent (unexplained) volatility in markets, individual stocks, exchange rates and commodities, it is very difficult to (accurately) predict what will happen in any given scenario.
I certainly wasn’t expecting to see such a positive “bounce” across the banking sector when the markets opened today, including HSBC, which is currently trading above 670p.
I wish you well with your investment decisions, and how is your new grass doing?