The amount of capital that you have controls the type and the share price of the company in which you invest IE you must have sufficient money so as to buy sufficient shares that will produce sufficient profit to make it worth while in the sector that you know or are willing to learn about
Two recent trades that you could have made
Obviously if you buy BHP where the price rose recently from $21.205 to $22.54 making a profit of $1.33 therefore you would have to have purchased about 1.5 million shares to make a $2000 gross profit on the trade A purchase of $31 million dollars
A purchase of 2.5 million MNM shares (0.01 cents ea)would have cost you $25 000 and at the end of the day you would have made $7 500
Obviously MNM is not in the same category as BHP
Trading is like any other job it requires a full day of work ( by yourself ) it requires sufficient capital and expenditure in equipment and services and also a tolerant partner
It also requires a business plan and the tenacity to follow the plan
Finally not everyone has the ability to do what is required
Good luck
- Forums
- ASX - General
- Is trading you job
Is trading you job, page-4
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online