PSY has been an amazing lesson in trading/investing for me. I am not a big investor by any stretch. To give you an indication, I bought my largest ever parcel, 100k shares in PSI a couple of weeks ago at 10c. Since that time I have bought and sold for one or two pips, expecting the stock to retrace. Each time I have ended up chasing the stock higher and reducing my holding based on having to pay higher prices. I bought again yesterday and sold this morning at 25c only to buy back in again at a higher price. I have calculated that in total I have made about $4500. Dont get me wrong, I am happy with a profit, but my initial reason for buying was based on a belief in this incredible technology, the research underpinning it and the management team in place to commercialize it effectively. Three big ticks. Had I had the fortitude to hold and listen to the likes of the long termers, today this investment would have represented my first ever 2-bagger or 20k profit.
I have a feeling that I am not the only one in this position. In amongst all this chasing a pip here and there, the fundamentals and potential have remained the same. Today I commit to stop being a pretty crappy trader and I resolve to become a long term investor in this coy, albeit with the comparatively small parcel of 50,000 shares. The reason I have posted this here, is so I can make sure to re-read this public post in the event I ever delude myself that I am a trader!
Good luck to all holders and thanks for teaching me to believe in the fundamentals
V
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $3.050M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.1¢ | $2.785K | 232.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 145000 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 100554 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 145000 | 0.012 |
3 | 1469692 | 0.011 |
2 | 398000 | 0.010 |
3 | 378151 | 0.009 |
2 | 190682 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 100554 | 3 |
0.015 | 211149 | 3 |
0.016 | 97844 | 2 |
0.017 | 250000 | 1 |
0.018 | 418098 | 3 |
Last trade - 12.08pm 11/09/2024 (20 minute delay) ? |
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HYD (ASX) Chart |