Yep that a pretty straight forward strategy Rhino and thanks for sharing.
I guess the only real risk is that after you've sold it continues to climb outside the bands and your off the boat. However, in my very limited investing experience it would be a rare occurrence for it to go on a tare without an announcement so the risk is low.
I am pretty new to all this and I am very very basic, Bollinger Bands, MACD and trade the trend.
Your strategy means you cant really lose, but you could miss out on a sudden spike.
I like it, thanks again.
BET chart, page-939
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 (20min delay)
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Last
10.0¢ |
Change
0.009(9.89%) |
Mkt cap ! $97.01M | |||
| Open | High | Low | Value | Volume |
| 9.1¢ | 10.3¢ | 9.1¢ | $1.476M | 15.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 426559 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| BET (ASX) Chart |