wait and see attitude

To adopt a wait and see attitude on a speculative share like CVI will send you broke.

Its one of those shares you can get on and off again at will.

I have always thought that if it "took off" I would always be able to jump back on at anytime and ride it to what ever its heights took me too...... this would only cost me a few pecentage points and I wouldnt miss much.(no downside)

To ride it into the ground is a big mistake.

Dont be afraid to sell... by this I mean if you can find another share in a similar situation that you thought had a better prospect of rising ...sell and buy that (like for like).(this situation applies to all share trading not just CVI)

Nothing worse for the mental side of trading than having a share in your portfolio that you hate.... get rid of it.... move on.

One thing about this phylosophy..... you live to fight another day.... all the best with your trading