Today's actions just demonstrate how cruel the market can be for...

Today's actions just demonstrate how cruel the market can be for punters who like to trade in and out for a quick profit
I started stock investing about 5 years ago and I was that kind of fish who liked to buy and sell based on the company's announcements. I always tried to ride the wave, and the small fish like me is always food for the sharks, I lost more than I earned

In the long run, this kind of investors cannot beat the market, and there are new fishes every day for sharks to chomp! Selfwealth trading platform showed that there are at least 30% increase in active traders during this COVID period!!! Meaning people are throwing their Jobkeeper payment to equity. I bet there were few ppl bought above 24c, and when it went down, they were scared and sold at breakeven or loss ( exactly like me few years ago)

Now, time for a bit charty chart:

If it were to close above 24.5c today, we would breakout of the triangle and test the previous high at 31.5c. However, we closed at 22.5c, it is ok, the longer the stocks are bought within this range, the bigger the explosion Support at 21c remains intact. Again, FYI, according to Yahoo finance, there are only 40M shares floating, 100M SOI, this can quickly shoot up