Disadvantages of Short term trading.
When the mother load of all announcements is announced, try buying 300,000 shares at say $1.20 average?
Share price is prob going to rise in multiple 20 to 30 cents daily, until there becomes a slowdown of buyers entering the stock.
Good luck when that happens if you do not have already a large holding. All those buyers jumping over the top of each other, only to get a few shares here and there, are going to kick themselves over and over and over again!
With the words "Could've, would've, should've " If only I was not such a fool.
Do not forget, we all cannot be sitting in front of the computer 24/7. When the news finally travels to the media, many trading days are lost, and this is when the late comers arrive paying 2 to 3 times as much per share.
So that's it, the plan, the lost, and the brave.
P.S Its easy to buy a massive amount of shares now at $1, than be a fool at $3. Having made these mistakes, I have learnt what is the better strategy moving forward.
Each for their own methods.
GLTA
- Forums
- ASX - By Stock
- SMN
- Folks don't fall for the sucker punch
Folks don't fall for the sucker punch, page-4
-
-
- There are more pages in this discussion • 21 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 SMN (ASX) to my watchlist
|
|||||
Last
71.0¢ |
Change
0.020(2.90%) |
Mkt cap ! $97.52M |
Open | High | Low | Value | Volume |
70.0¢ | 71.0¢ | 67.5¢ | $57.08K | 82.73K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1190 | 70.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.0¢ | 57336 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1190 | 0.705 |
1 | 670 | 0.690 |
1 | 2000 | 0.675 |
1 | 20000 | 0.670 |
1 | 15503 | 0.665 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 57336 | 3 |
0.720 | 10473 | 1 |
0.730 | 13487 | 1 |
0.735 | 57143 | 1 |
0.750 | 30400 | 4 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
SMN (ASX) Chart |