Im sitting at an average return of approx 80% to 120% since jan this year, hard to know exactly how much until i do my tax. I have paper losses on BDR (-30%), if those unwind in the next 6 months, which i expect they will. my return will be a fair bit better.
My goal is to take scope out 10-20% returns per trade. Once i obtain that amount i sell out and reinvest that money into something else i think will jump up. In the event i get it wrong, i average down and wait for it to pick up again, before closing the position out.
Ive been able to flip trades like this a lot more frequently in the last few month due to an increase amount of volatility and uncertainty. If you were to theoretically take a 10% return every 2 weeks in 26 fortnights. you should be sitting above 260% return (with compounding).
Anyway, you wont always make successfully trades in a short amount of time, sometimes you get lucky/unlucky. But it goes to show that in the last 2 days A2m jumped up 20%. If you annualise this amount its huge, people dont seem to understand this.
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Last
$5.42 |
Change
0.020(0.37%) |
Mkt cap ! $3.909B |
Open | High | Low | Value | Volume |
$5.38 | $5.43 | $5.38 | $780.5K | 144.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 11341 | $5.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.43 | 14857 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 11341 | 5.410 |
7 | 13473 | 5.400 |
5 | 9772 | 5.390 |
7 | 24677 | 5.380 |
8 | 4226 | 5.370 |
Price($) | Vol. | No. |
---|---|---|
5.430 | 14857 | 8 |
5.440 | 22690 | 7 |
5.450 | 10507 | 7 |
5.460 | 14438 | 7 |
5.470 | 21577 | 5 |
Last trade - 10.15am 18/09/2024 (20 minute delay) ? |
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A2M (ASX) Chart |