I believe a huge capital and balls of steel and sitting tight and sometimes very very sitting tight for a long time.
that is the key....
I do not believe stop losses do anything in the long run.
Here is the reason...say you are long at 0.580 and have a stop loss at 0.56.
If you adhere to your stop loss, you are really saying OK I believe the stock will go down, so in reality you are shorting at 0.56 - which itself is a fresh new trade if you know what I mean.
And that fresh new trade has carries a risk itself.
If you are trying to limit risk (so called money management), might as well not go long at 0.58 in the first place.
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.15 | 3758 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10596 | 6.100 |
2 | 329 | 6.090 |
3 | 1300 | 6.080 |
6 | 28264 | 6.070 |
2 | 166 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.210 | 710 | 1 |
6.230 | 5000 | 1 |
6.280 | 4100 | 1 |
6.290 | 158 | 1 |
6.300 | 5200 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |