Australia's largest stock trading and investment forum Australia's #1 stock forum

Day Trading Pre-market Open - 17 Jan 2019, page-66

First 66 Last

Share
Profile

Follow
Robo.T

2,335 Posts.

536

17/01/19

13:41

Post #: 37143944
Share

Originally posted by Seb93: ↑

Two things:
1. The main factor in trading - Psychology. I've been watching the trading in VEC for a good year now, 9 months or so holding it, that 2.7 is a major magnet. It's where it struggles to get past significantly. For some reason which I don't know, someone loves holding the price there to offload. May just be the sweet spot for RVR and the easiest level to offload, or maybe something else. Either way I knew that 2.7 was going to be hit.

2. The chart also shows support at 2.6/2.7.

The thing is with small caps, it really doesn't matter what the company is actually worth, it's what people are willing to risk which determines the SP. Not until they are earning money and are profitable then it will re-rate to its true worth, imo.

460% is very impressive, whatever you're doing, keep doing it haha.

thanks mate, I try to keep it real/unbiased.

Expand

All good points - I agree re psychology, #1 by far - maybe I need to brush up on my TA, I usually don't look back that far, I think it is perhaps my biggest weakness right now, I'm sure there are many others who dwarf that return here lol, I'm just happy to still be in the game
Upvote

Reply

Top Stories

AII

Inside the depths of Panasqueira: A legacy carved in rock

AHN

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Monday's HotCopper trends: Imugene responses, Trigg upgrade | July 14

TMG

Trigg up +10% on antimony target boost; fieldwork kicks off

First 66 Last