RNU

1.41%

7.2¢ renascor resources limited

Ann: Offtake MOU with Leading Japanese Trading Company, page-167

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Dee000

624 Posts.

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26/03/21

10:44

Post #: 52059328
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Originally posted by DavidW: ↑

@Dee000 economics, law and post grad quals gave me insight into human behavior and how economics systems really work. The share market is brutal and I can't say I know people who have made fortunes clipping the market and kept them. That is the province of the big stakeholders, banks and brokers and their international networks who have the actual data at their fingertips to move you around and massage sentiment. BOTS are their tools and they do not pay brokerage. There are two simple rules for them once they have a company in their pocket - accumulation and dispersion. Great volumes generate profit from small percentage gains that the individual cannot do. You have to have a sizeable capital base to risk 2% of capital. Working on the margins means you cannot be away from the screen despite it being automated. Price happens after an event and sometimes you miss it by not paying attention to the news. Its the market makers who make the news and know which companies are in a financial position to execute programs because they have sought finance to do it. This is not the playground for a novice. Its better to hunt for companies who have a quality resource emerging in a new trade cycle like RNU, satisfy yourself the managers are competent. Once you think the fundamentals are sound, trade it on technical analysis. In speculative companies you have to weigh up risk and reward. I don't touch companies unless the ratio is equal to or greater than 3:1. You are thinking about growth, not income. If you get in early enough you can aspire to keep a core holding and trade some to reduce average costs if your mindset is long term. Decide who you are and find the trading style that gives less grief. Experience is the best teacher and never put on more than you can afford to lose. Winning is akin to running the gauntlet and don't fall in love with a stock. Been doing this for over 30 years. My old man said to me there was no money in farming, get educated. He was right about the school of hard knocks.

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Thanks for the input DavidW, I bought in @ 0.027 and have not sold a single stock yet. Im hoping that RNU goes all the way to mining in 2023 and that is when I will be looking at unloading my shares. I am looking at learning how to use an analysis platform to improve my entry and exit strategies a bit better.
I am an investor with that only invests in the long term as that has been working for me so far.
Have a great day mate.
Dee

RNU Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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Add RNU (ASX) to my watchlist

(20min delay)
Last 7.2¢		Change 0.001(1.41%)		Mkt cap ! $183.0M

Open	High	Low	Value	Volume
7.1¢	7.4¢	7.1¢	$189.6K	2.599M

Buyers (Bids)

No.	Vol.	Price($)
5	260232	7.2¢

Sellers (Offers)

Price($)	Vol.	No.
7.3¢	100000	1

View Market Depth

No.	Vol.	Price($)
5	260232	0.072
10	1504050	0.071
31	2463747	0.070
6	491131	0.069
6	604998	0.068

Price($)	Vol.	No.
0.073	100000	1
0.074	210000	1
0.075	205348	3
0.076	364392	4
0.077	18052	2

Last trade - 16.10pm 08/11/2024 (20 minute delay)

RNU (ASX) Chart

Ann: Offtake MOU with Leading Japanese Trading Company, page-167

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Ann: Offtake MOU with Leading Japanese Trading Company, page-167

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Flynn Gold reaches milestone exploration target for Golden Ridge

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

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Featured News

Buyers (Bids)

Sellers (Offers)

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