SOR 7.50% 3.7¢ strategic elements limited

Chart discussion, page-34

  1. 15,118 Posts.
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    i no longer invest in stocks, it's a mugs game imo. sat on healthy profits in the past, only to see them come back to my original purchase price, then down! short term momentum trading is where i am heading now. quite easy to make 20-30% gains through basic chart reading. set a stop loss at 10%, if it hits, i sell then move on. much better approach imo that investing in a stock, waiting for it to move. i've found that buying in after a delayed ann. you can normally get it cheaper than holding and waiting, without the risk. tv2 for example, currently up 50% through buying in on the ann. after being heavily 'oversold'
    the asx is a tough gig. only learnt all this through losing money, that's the 'education' i paid for.
 
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