MM I have been thinking about your last line in comparison to the trading approach" I’m going long like real estate on this, but I like to live on the edge." I fully agree that when considering trading verses simply accumulating your's is the most wiser approach.
Have been doing a bit of math on trading
so here's what I came up with for a typical $10,000 dollar trade
sell at .033 = 303,030 shares = $10,000 + say $30 commission =
$9,070 in the bank
so now you wait for the price to go down and to play it safe people here reckon it might go to 2.7 but lets play a little safer and put a buy order in at 2.8 cents after further costs of about $30 we will have about $9,040 to buy shares with which should buy 322,857 shares or 19,827 more shares than I started with, which at a value of .033 are worth about $654.30
So the risk is that my 303,303 shares that I sold I might not be able to buy back just to make $645
now one day those shares should easily be worth $2 each or over $600,000
so people are risking a future worth of $600,000 to add $645 worth of capital to their portfolio?
To me the risk just doesn't make sense
I would rather find another $645 + $15 trade fee = $660 total and buy those additional 19,827 shares at 3.3 cents now like an insurance aganst not being able to re-enter at a lower price than I sold at.
Another big plus of not risking $600,000 is that I get back the insurance cost of buying those extra 19,827 shares and one day at $2 each will be worth over an additional $39,600 in my portfolio so the insurance of simply buying those extra 19,827 shares actually makes me money! and aviods the risk of losing $600,000 to make $654?
why would I want to trade?
FP
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $411.5M |
Open | High | Low | Value | Volume |
5.9¢ | 5.9¢ | 5.5¢ | $1.481M | 26.09M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 400000 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 685507 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 400000 | 0.056 |
34 | 4259093 | 0.055 |
21 | 3126330 | 0.054 |
23 | 3881412 | 0.053 |
17 | 1361472 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 685507 | 4 |
0.058 | 536198 | 4 |
0.059 | 472079 | 4 |
0.060 | 766014 | 9 |
0.061 | 1058769 | 7 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
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