I believe a huge capital and balls of steel and sitting tight and sometimes very very sitting tight for a long time.
that is the key....
I do not believe stop losses do anything in the long run.
Here is the reason...say you are long at 0.580 and have a stop loss at 0.56.
If you adhere to your stop loss, you are really saying OK I believe the stock will go down, so in reality you are shorting at 0.56 - which itself is a fresh new trade if you know what I mean.
And that fresh new trade has carries a risk itself.
If you are trying to limit risk (so called money management), might as well not go long at 0.58 in the first place.
- Forums
- ASX - By Stock
- LYC
- mcp down, does mean today lyc up?
mcp down, does mean today lyc up?, page-27
-
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B |
Open | High | Low | Value | Volume |
$7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6556 | $7.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.77 | 3385 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 7.640 |
3 | 20260 | 7.600 |
1 | 3000 | 7.550 |
2 | 2833 | 7.500 |
1 | 2000 | 7.430 |
Price($) | Vol. | No. |
---|---|---|
7.840 | 293 | 1 |
7.850 | 6064 | 3 |
7.870 | 2000 | 1 |
7.890 | 8800 | 2 |
7.900 | 24269 | 7 |
Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |