Thanks for that. 3000 shares at $30 loss per share. Loss of $90,000.
Could have covered a once in a lifetime event like this by ticking the insurance box and paying 0.3%. Then the max loss would have been 5%.Just letting you guys know if you already don't, that shorting can burn badly. Statistically the share market heads in the upward direction more than 2/3 of the time.
If you need a little more info on what the market can do then I can tell you that I know of a guy who had $1.8mill in the market of which $600,000 was a margin loan. He did not sell off his holdings in the financial colapse and lost the lot as a result. All the years of builiding up the wealth were wasted.
With my own loss above I have received a refund from the tax office on tax paid of $32,000 this year and will get the rest over time. Instaed of writing off losses against gains I call myself a trader and therefore write off any losses which do not balance out against tax paid in my first job. That allows me to experiment a little more.
Hope the above info is usefull to some of you.
- Forums
- ASX - By Stock
- BHP
- no demand driving prices down
no demand driving prices down, page-34
-
- There are more pages in this discussion • 2 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 BHP (ASX) to my watchlist
(20min delay)
|
|||||
Last
$39.62 |
Change
-1.130(2.77%) |
Mkt cap ! $200.9B |
Open | High | Low | Value | Volume |
$40.45 | $40.68 | $39.56 | $423.2M | 10.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4755 | $39.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.62 | 16874 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2955 | 39.610 |
24 | 17922 | 39.600 |
3 | 1345 | 39.590 |
4 | 12300 | 39.580 |
6 | 1745 | 39.570 |
Price($) | Vol. | No. |
---|---|---|
39.620 | 16874 | 1 |
39.630 | 20509 | 1 |
39.640 | 21064 | 1 |
39.650 | 25188 | 3 |
39.660 | 20889 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |