I am using the declines to gradually build my position back up to its old size after taking profits. Yesterday I bought at €45.50. The next one would be due at €42 and then another one below €40
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@Multibagger But then there will also be a bounce, I think many will already be greedily holding out their hands 👍 good strategy
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@BamBamInvest what I could have seen for two last weeks, it is mostly driven by btc movements. Once btc is back above 100k eur, I bet iren would be back at 70usd level at least. Of course the q3 earning calls may change everything sooner as we think😀
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@Multibagger You had an SL at 48, didn't you? And then you buy again at 45.5?
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@burnheart Yes, the SL was a limit SL This means it was €48 with a limit of €50. This means that the sale is only executed when the share reaches €50 again. I do this more often when I expect a quick rebound, especially intraday. It also has the charming advantage that you can delete the order even after the SL has been triggered if it has not yet reached the limit price. It did. It even rose again to 52. And then I set buy limits about 10% lower, staggered. And I was able to make good use of the allowances and loss pots when I sold, so that I only paid €16 in tax despite the larger gains. Who knows whether the closer it gets to the end of the year I'll be able to make full use of them. I didn't sell because I'm no longer fundamentally convinced, but to take a few profits off the table and, in the best-case scenario, to be able to re-enter the market 10-20% lower. It looks good so far. And if $IREN reaches $90 in 2026, I will have new allowances. I'm calculating in %, not in absolute figures. For example, I have a portfolio with Trading 212, where I often buy stocks that have lost 5, 10 or more % in one day and then sell them again a few days later with a 10-20% profit. Of course, this doesn't always work. If you are convinced of a stock, you can always buy dips of 5 or 10%, even if €2.50 or €5 doesn't seem like much. Many things play a role in my considerations as to when I sell or not. This distinguishes my actions from the many buy&hold investors who think I'm crazy or don't know what they're doing! The only thing that counts for me at the end of each year is the net return in % after tax! That's different from the goal of building up a portfolio of 500 TE with monthly savings installments over 40 years. You and everyone else here must never forget that. But you can rest assured, in 90% of cases I know what I'm doing and it makes sense in terms of my goal. But not at all for others.
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