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Rotterdam to FOIL - PART II

lse:hur

#784

Hi lawven2,

“The one thing that this misadventure proves is that LLV’s reputation as the LSE’s Worst Day-Trader remains intact and unchallenged”

You have my sympathy, however I guarantee I run a very close second(as I don’t want to challenge your right to the title, lol). I have done a very similar thing on five occasions over the past five years, and only once have I come out ahead, losing a total of about six thousand shares, plus trading fees.

Learned my lesson finally.

I am not a trader. :disappointed_relieved:

All the best.

HTL


#785

Hi HtL

Interesting read, thanks. My take away from that is it doesn’t say light sweet crude will not continue to trade at a premium but more that tightening up of oil production on heavier crudes will increase their price … unless I’ve had one Lemsip too many (yes, have now caught husband’s cold:{).


#786

Hi Lawven2,

Second HtL’s reply, you’re not alone! After the recent 60p rise I failed to sell anything (well why would I?) but then realised selling a small amount as it started dipping towards 50p and then buying back if it went below 44p would be a really clever thing to do. Long story short I somewhat bungled this and lost about £4,000 in the process. Lesson learnt, (if an expensive one) and have gone back to simply holding and topping up. That said I now have enough ‘extra’ to play with that I shall just derisk in stages, which is what, with our great friend hindsight’s insight, I should have done at the very outset. Time heals all wounds …

(NB. Assuming all goes to plan and I don’t lose the whole lot! - caveat for caution though I don’t heed my own advice!)


#787

@Albi1
"__Long story short I somewhat bungled this and lost about £4,000 in the process. Lesson learnt, (if an expensive one) and have gone back to simply holding and topping up."

Thanks, Albi1. Seems I’m in honourable and certainly, distinguished company. You are still smarter because I think you said that you had topped up slightly, a short while back. So you do heed your own advice - truth to tell. I certainly will top up without reduction, going forward: although if my hunch and expectation are correct this will be at more averaging UP. So be it. I would much prefer this, anyway. I have so many of the darned things - but for clarity, no where near Floss’ -, that when it was £40+G UP, was going to sell the lot and buy a new Kia Sport, but ‘cool’ Daughter said that they were not immediately available. Now I blame her for the error of my ways. Typical!!

Take care, Albi. I did caution you not to relapse with that flu’ bug. But that advice you did not take. The discomfiture and misery are the worst things during the currency of an infection. Come out well, soon & GLA on HUR’s - lots surfing on them. Bluewater, hook up to that buoy, for Heaven’s sake.
Kr,A. _-_LLV


#788

Hello H t L & L V 2,

Apologies for not getting back to you sooner.

It was with great interest that I read about your experiences when trying to do a bit of dealing and day trading.

My personal experience when trying to do a bit of trading and selling in the hope of buying back at a lower price is definitely not encouraging. When trying this I find that I am much better at losing money that making money.

I recall reading a few years ago that 75% of day traders actually lose money. Unfortunately I can’t remember where I read this but it has always been in the back of my mind when I’ve been tempted to do some shorting in the forlorn hope that the share price drops.

Where I have had some success is by top slicing some profit from time to time. By taking this course of action it means that I’ve de-risked my investment by banking some profit. I do this for two reasons, firstly, because the AIM market is extremely volatile and secondly, no one ever when bust making a profit!

However, top slicing does have it’s drawbacks. e g, I top sliced some profits in Hurricane at 55p and the profits are safely tucked away in a one year bond which means that I can’t get my hands on the profit. Maybe this is good or bad, it all depends on a person’s investment strategy. Whilst the Hurricane share price is hanging around at about 45p it looks as if I’ve made a good investment decision but when the share price is back at around 60p+ it looks as if I should have left the profits invested. But then once again I remind myself that Hurricane is not a share for widows and orphans and there is a high degree of risk associated with AIM and Hurricane.

I’m sure we could discuss a wide range of investment strategies for now till the cows come home and not come to a strategy that suits everyone.

Or putting it another way " you pays your money and you makes your choice."

Carliol


#789

@carliol
Thanks much, Carloil. A lot of wisdom in dem dere paragraphs above. I’ll follow. Readily agree on the vicissitudes of AIM. Although not so much on HUR, already, I am by no means an unwilling ‘top slicer’ as a tool to de-risking. Bought back all the HUR’s late today @>44p, so I do feel a little less sorry for el numero uno - that’s in name only, BTW; and not by birthright. Surely would have regretted it, had ‘hook-up’ preceded my re-purchase of the units. Thanks again for your insight. Shall act with even greater caution in future, because I am really in no great hurry to top-slice in this instance. Kr,A. - LLV


#790

Thanks Lawven

I’m on a learning curve, only having started the investment game last year. Frankly I’ve made some cringeable errors despite having done my research - mostly lack of time to act and having to make decisions to the best of my ability on the spot. However, they’ve been useful learning curves and hopefully won’t be making the same mistake twice!

I should add, thanks for commiserations on flu etc. It’s been a bit silly really, have literally rolled from one thing to the next to date and am now guilty of passing to my lovely husband and feeling a bit guilty about it. How can we send a man to the moon and still not have the common cold and all its viral permutations sussed?


#791

Hi Carliol

Wise words, I’d sum them up with cut your cloth to suit your means. Meaning to some £100,000 is a tiny percentage of their capital while to others it’s a major investment not to be taken lightly.

Best

Albi


#792

And to others, 100,000 isn’t even possible :joy:


#793

And Albi and YI, after many years on these boards, I can assure you that many claims of 100k plus are simply giant porkies …


#794

Many thanks to Rhomboid1 on Twitter for having just spotted that the AM destination has just changed to "Lancaster Field " ! 2.5kts now… let’s go !


#795

And to JayKay1 on LSE - we’re off again. Champagne on standby!


#796

They must have both the rope and the confidence that they can hook-up in a day.
But what happened to Dr T’s comment that they needed several days calm afterwards?


#797

Hi Millais,

Wonderful news. I’m sure the hook up will be successful. Third time lucky and then we have first oil to look forward to.

the Aoka Mizu is being escorted by the Grampian Dynamic and is en route to Lancaster

https://www.marinetraffic.com/no/ais/home/centerx:-3.6/centery:57.6/zoom:10

Carliol


#798

Ash

Not sure, had given up looking at weather windows - I’m just happy they’re off, they wouldn 't bother if they didn’t think it was worth a go.


#799

Absolutely!
Mind, just looked at the map and she hasn’t got far.


#800

Another from JoeBass from LSE…

Ok, Future tense,

Hello Lancaster.
At the stroke of midnight t’was just tomorrow night…
There were raucous cheers to a wondrous sight …
There were vigorous displays of glee and joy…
Aoka Mizu, she finally hooked up with her buoy.
She’s a sprightly old girl with her new shiny rope…
T’has given us shareholders much needed hope…

Hello Buoy.
It’s taken a while, but at last we’re together…
We never thought we’d rid the inclement weather…
May the price of oil per barrel be ascending…
This companies reserves will not be descending…
It wouldn’t augur well for shareholders at all…
If after all this time we went to the wall…

Hello Dr Trice.
We really would like more holes to be drilled…
As I’m sure you’re aware we’d be immensely thrilled…
The Market spivs are stooping to an all time low…
Give us more wells, we’ll make a lot more dough…

Hello Commissioning.
Maybe the government can pass it fit to commence …
I’m sure the share price will add many pence…
The common man here will be suffering many pains…
While the Chancellor takes his ill gotten, capital gains…

Hello Ftse.
For all the wisdom on new corporate governance,…
A main FTSE listing should help with the finance…
For the ever shrinking pound, every family struggles more…
Just to upkeep the status quo of lifestyles we adore…

Hello Spirit…
The company should be seen doing much more this year…
To offset the many misdeeds by the spivs last year…
So commence the drilling at a great pace…
So we can tell all around, watch this space…

Hello BP, et al…
We know you’re all watching and keeping quite shtum…
You’ll pay the price, or you can swivel on the Doctors thumb…
So Bob Dudley, take heed of what we need…
Or be on your bicycle at supersonic speed…

Finally, Hello First oil.
Sit back, watch the black gold flow from deep within the Lancaster well…
We pray there be no catastrophic incidents so many barrels we sell…
Let the oil soaked shorters weep while they burn…
It’s been a long time coming, but now it’s our turn…
They’ll rue this day for being caught short…
A sterner lesson they’ll never be taught…

With this we now make a factual statement…
The place to be is a fractured basement…
Good luck AM and be safe to all on-board…
Should bring some relief to this bulletin board…

As we welcome a happy new year, Wherever you may be…
2019 may yet be the best that you’ll possibly see!..

Good luck.
JB.


#801

Beautiful Aoka Mizu FPSO
Alas! I am very sorry know
That you failed at the first go
In February two, oh, one, nine,
Which will be remember’d for a very long time.

William McFlonagle


#802

On sail away my heart doth sang.
Unfortunately the rope did twang.
Alas the buoy, it did unfetter.
I pray this time they all do better.

jfp


#803

Looking like a very low swell on Thursday but winds of up to 30kn,

However Friday afternoon looking favourable for swell and winds,

YI