"Trading can certainly work with imu"
Trading is a zero sum game. For every winner there is a loser. So when someone gets lucky and decides that they are good at trading, there is a fair chance that they just got lucky, and will give it back the next time...
... and every time you sell out, you take a risk that you will be out when a deal is announced.
I think that trading IMU is like running in front of trams to pick up dollar coins. Yes, you can pick up a few dollars if you are quick. But is it worth it?
Afterthought: I am fascinated by the idea of "free carry". I traded derivatives for a major bank for many years against mark-to-market accounting requirements, and the idea is quite alien to me. I understand that trading can reduce the book value of your holding, even to zero. But you will still look like an idiot if the price fall from 3.3 cents to 1.3 cents.
I think that the idea of "free carry" deludes the holder into thinking that they have less risk than they actually have, which is very "unwise".
All there best to the traders. I understand the "rush".
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Last
4.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $364.4M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.8¢ | $231.0K | 4.760M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
64 | 7006528 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 2336972 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
64 | 7007601 | 0.048 |
48 | 4539342 | 0.047 |
58 | 3804487 | 0.046 |
63 | 6423753 | 0.045 |
14 | 2259852 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 2337458 | 19 |
0.050 | 4576529 | 22 |
0.051 | 7009844 | 16 |
0.052 | 2608295 | 12 |
0.053 | 2041281 | 10 |
Last trade - 15.41pm 04/10/2024 (20 minute delay) ? |
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IMU (ASX) Chart |