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maybe2014

2,120 Posts.

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27/09/15

15:55

Post #: 16068451
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Originally posted by oldtimer2 ↑

Trading for a living is easiest when you already have sizeable capital so you are not dependent on regular trading gains for your immediate needs. It makes a big difference when your only source of income is your portfolio. To draw $100000 a year long term you really need to be working with a$1m and even then that's tight. Of course you can get lucky. But an AJX doesn't come along every year, and to maximise the gains it was important to be a holder rather than an in and out trader of AjX this year except after the placement. You need to allow for periods of losses or few gains. Bear markets hugely favour investors who are adding surplus money to their portfolio.

I'm retired so dependent on my portfolio, and since the GFC wiped out a big chunk of my capital I have had to concentrate on rebuilding it. Fortunately I took equity risks back in March 2009 that have paid off and now this year AJX et al has helped get me back over seven figures from which anything is possible.

The other trick is to spend very little. Unfortunately my wife loves to travel and shop so that is not an option.

Hot copper does have some genuinely successful investors/traders who are willing to share their thoughts and my best picks this year are also popular on hot copper which provides confidence. So my advice is to scour the comments for ideas and try to avoid getting caught up in the hype usually provided by commission brokers.

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I'm also retired, reasonably young simply because I didn't like the work I was doing and thought what the hell? I'm happy to spend little - it simply doesn't interest me to keep buying stuff so the trade off has been OK.
What I really like about all of this is waking up on a Monday and thinking, what's going to happen today? For better or worse, and it's often been for worse, I now like Mondays. Strange but true

AJX Price at posting: $1.05 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $17.31M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$3.3K	300K

Buyers (Bids)

No.	Vol.	Price($)
5	2072715	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	133	1

View Market Depth

No.	Vol.	Price($)
5	2072715	0.009
3	4111222	0.008
3	349012	0.007
3	544500	0.006
1	300000	0.005

Price($)	Vol.	No.
0.010	133	1
0.011	768054	5
0.013	240000	1
0.014	134311	1
0.015	431158	2

Last trade - 12.31pm 27/09/2024 (20 minute delay)

AJX (ASX) Chart

YMYC, page-47

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The market's shrugged at China's stimulus measures all year. Why is this one different?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

YMYC, page-47

Top Stories

HotCopper users muse on De Grey's denial of Agnico Eagle takeover bid – but who are Agnico?

Week 39 Wrap: What HotCopper’s watching; China’s new stimmy moves boost metals; Oz CPI drop

The market's shrugged at China's stimulus measures all year. Why is this one different?

KalGold rolls out detailed aeromagnetic survey across Pinjin project

The winners & losers on market if negative gearing were gone

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

5.6g/t gold intercept at Serbia's Rogozna supports Strickland's hopes for high-grade core

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

ACCC seeks Olam divestments before it can buy Namoi Cotton

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News