It's mainly new traders with no cash that end up failing. Trading options & cfds, etc and being forced to close positions and depleting capital. Margin is the biggest killer. I would tell anyone just starting out to never borrow because the market ALWAYS surprises and takes it to the extreme.
Money makes money though. Anyone with a decent amount of cash saved up and doesn't "day trade" can make money "trading" as long as they don't do anything too stupid. That's why I say I like to swing trade in companies that I would like to hold anyway. Even if you stuff up, you just stay still in them for a few months and pretend you're an "investor" until you're in profit again lol
I'm not doing that in Zip anymore though. I truly believe we're about to get sucked into the US BNPL craze and that we're super-early on the moon ride. I feel like an insider trader LOL
Daily Price Movement / General Discussion, page-30345
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Last
$1.46 |
Change
-0.035(2.34%) |
Mkt cap ! $1.644B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.45 | $19.96M | 13.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 104211 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 50000 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |