I agree and I'm one of the whingers. The following is all imo and something I wish I knew 3 years ago.
1. Simple one which should go without saying. Only invest what you can afford to lose.
2. Set profit targets and take them without fail. keep a trade journal with exact targets and take those profits without fail. Greed will completely cloud your judgment. Nothing can keep going up. It's law of nature, yin and yang, positive and negative etc.
3. Don't get attached to companies, sectors etc. Anything can change the course of these things and the only thing that is real is your profits (or losses...)
4. Imo long term holding is a greed based strategy. In my case, buying in at .20c I well and truly should have taken profits all the way to $1.87. only a schmuck would sit by and watch huge gains increase and evaporate multiple times.
THE ASX IS BROKEN, page-40
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Last
9.3¢ |
Change
-0.007(7.00%) |
Mkt cap ! $198.7M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.0¢ | 9.2¢ | $2.498M | 26.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 323514 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 483232 | 6 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |