AGY

4.00%

12.0¢ argosy minerals limited

I think you're the one with the insecurity or hangup mate. and...

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gdscoop

62 Posts.

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28/10/21

16:29

Post #: 57152168
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Originally posted by Sdaji ↑

What's your hangup about traders? No one is saying you shouldn't invest long term if you want to. Different strategies work for different people according to their preferences and circumstances. Personally I do a mix. With AGY specifically I started buying up after the CR assured funding, obviously as we now know, that was good timing. I've also traded along the way and have done well there, go me, yay.

If someone sees a short term trading opportunity where they can make 50% on their money within a few days or weeks, why not go for it? It's not mutually exclusive with long term investing.

Comparing trading and long term investing is to compare apples and broccoli. To suggest that they are somehow mutually exclusive or bring in the same or comparable returns over time is just plain incorrect.

If I see an obvious short term trading opportunity I'm not going to say "Oh, no, I'd better not take that easy money, because long term investing would be more favourable in respect to tax if I managed to make the same amount of return in the same amount of time", I'm just going to jump on it, and that's not going to do me any harm. Sure, if you lose money trading (or investing or on real estate or in business etc) it's bad, but... so what?

You seem to have some sort of insecurity or hangup about traders and work on the assumption that they won't make more money than investors. The only relevant thing you've said in your strange attack on trading is that you need to make higher returns to offset the higher taxes. To do that you've given an unrealistic expectation of 20% per year over 10 years, which is extremely rare - generally when a company goes through that sort of growth it is not constant over 10 years, it is highly erratic, mostly occurring over a small part of that 10 years, so you would do much better to time your entries and exits to coincide with that time of explosive growth.

But, of course, this all comes down to how disciplined you are, how good your analysis is, how much time you want to spend and what suits you personally. It's like you feel traders are hurting you and you're having a tantrum trying to get them to stop, which of course they're not going to.

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I think you're the one with the insecurity or hangup mate. and it's pretty obvious to most of us here.
You keep telling us over and over of all the great trades you've made. That's pretty easy to do on an anonymous forum like HC, isn't it?

I think GCar was just pointing to some various stats about trading.

The fact is MOST traders are NOT successful!!!!!

Sorry for capitalizing a couple of words and using five exclamation marks.

I'm a little insecure.

GD

AGY Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.0¢		Change -0.005(4.00%)		Mkt cap ! $168.5M

Open	High	Low	Value	Volume
12.5¢	13.0¢	12.0¢	$235.2K	1.876M

Buyers (Bids)

No.	Vol.	Price($)
29	956840	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	19944	2

View Market Depth

No.	Vol.	Price($)
27	876840	0.120
12	539478	0.115
11	644049	0.110
9	1154619	0.105
19	1490206	0.100

Price($)	Vol.	No.
0.125	19944	2
0.130	502781	8
0.135	530128	14
0.140	807683	11
0.145	507650	9

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 12.5¢		Change -0.005 ( 0.00 %)
Open	High	Low	Volume
12.8¢	12.8¢	12.3¢	1090017
Last updated 16.00pm 03/05/2024 ?

AGY (ASX) Chart

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