I have decided to sell half of my IBA holding yesterday at $1.554. It went up again this morning to $1.57. IBA is my number one favourite share in ASX. I started buying it when it was on $0.97. I plan to buy IBA again at lower price.
IBA share price went down badly last week. I was lucky to get more of them at $1.36 before they were taking off again. I felt a bit nervous to do that. I was doing 'dollar cost averaging' as few days before I bought some for $1.48. But what is going to happen if the price keeps coming down?
One tip I read about share trading is: Never buy a share on a downtrend!
So I guess we just have to judge ourselves, when to do averaging and when to sell a share on its downtrend. For a starter like me, it's a bit confusing.
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