Not really if you have a buy price in mind then sell at 30% when it gets there and then buy at your buy price again.
It's quite simple.
Identify stocks you wish to buy for whatever substantial reason and calculate your buy price and IF they reach 30% sell and IF they fall back, buy.
You can adjust each buy and sell price.
There are many stocks where this is achievable.
You may only wish to make 15%.
15% is better than what you would get in a bank anywhere.
Take any emotion out of it and be prepared to accept you can get it wrong.
I think there are many algorithms across many variable percentages automatically doing this across all exchanges.
Jat 2.0 - 2021 - A New Year, page-306
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Last
71.0¢ |
Change
0.050(7.58%) |
Mkt cap ! $59.11M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 71.0¢ | 66.0¢ | $126.3K | 180.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35811 | 70.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 15000 | 1 |
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| Last trade - 15.52pm 13/09/2024 (20 minute delay) ? |
| JAT (ASX) Chart |