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traz

2,038 Posts.

290

08/07/20

13:26

Post #: 45722773
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Originally posted by db_nolan: ↑

I have no problems with these pump and dumps.
But eff me you have got to know what you're up against.

Do not buy these pumps if you answer YES to any of the below
1) is the price reaching the top?
a)Hint: if the price is up 500% you're probably at the top.
b)Hint: learn how to read the order book.

2) is a pause in trading about to be called?
a) Hint: a halt will almost certainly be called on anything over 100% gains
b) Hint: be quicker than the ASX who need to prepare the halt.

3) are you slow at loading your orders
a) Hint: buy where ever you want, but be prepared to exit immediately. win or loss.
- this means loading you sell as soon as you have bought
b) Hint: I wouldn't allow a slip of much more than 20% from your entry

Final note:
KISS - Keep It Simple Stupid
Be happy with a 20% gain. almost 0% chance anyone rides the full gains
20% = 10 years of your money in the bank!!!! its a good gain!

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This should be required reading for the 100,000 traders that are about to walk 10K onto the ASX later this week....

Sage. Advice.
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