Anything will work if you know the future. Unfortunately my crystal ball from ebay is a dud!
I cant be bothered to do the math properly but a counter argument woud be to use stop losses.
How many shares would you have if using your numbers,
Bought at $1 stopped out at 97 cents.
Then bought a 80 cents stopped out at 77 cents and so on adding the extra amount and the amount your stop loss saved you. I imaginge it would cost you a whole heap less to have the same amount at the end of the day??
Anything will work if you know the future. Unfortunately my...
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Last
$7.22 |
Change
0.180(2.56%) |
Mkt cap ! $6.645B | |||
| Open | High | Low | Value | Volume |
| $7.12 | $7.25 | $7.09 | $7.774M | 1.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1018 | $7.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.22 | 8165 | 25 |
View Market Depth
| Last trade - 11.40am 10/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |