I lack discipline, I’m truly hopeless in that regard.
I wouldn’t be happy living to hard rules, that would take all the fun out of it. So, I do things to protect me from blowing up my Capital.
I believe in diversification (not too much) and some rough exposure limits to stocks.
Where I break those limits, I watch those investments like a hawk, waiting for a good excuse to liquidate.
One of the best ideas I’ve taken onboard is that I don’t have to be right about everything. In fact, I can be wrong a lot and still make good money within the Portfolio setting.
As for entry habits, I think Average Joe’s technical analysis is a great starting point. He has a knack for identifying entry levels with an high probability of success.
If you’re a little less patient, like me, buy and sell in parcels. Now, you don’t have to make a pressure all or nothing decision, especially because there will almost always be some doubt. You buy a parcel, if price goes down - who cares? I get my next one cheaper. If price goes up, you’re still making money. Of course, this means that profits won’t be maximised, but neither will losses. I feel it takes all the pressure off me and allows me to take positions a little earlier with further firepower if needed.
Goodnight All.
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Last
50.5¢ |
Change
-0.075(12.9%) |
Mkt cap ! $45.56M |
Open | High | Low | Value | Volume |
54.0¢ | 55.0¢ | 50.5¢ | $29.13K | 55.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 943 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 943 | 0.505 |
3 | 22000 | 0.500 |
1 | 20000 | 0.480 |
1 | 500 | 0.470 |
1 | 1300 | 0.455 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 10000 | 1 |
0.550 | 20000 | 1 |
0.595 | 1000 | 1 |
0.600 | 12000 | 1 |
0.610 | 20000 | 1 |
Last trade - 15.59pm 12/07/2024 (20 minute delay) ? |
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