I know it was a joke. You even had "lol".
I am a short-medium term investor/trader. While I need to see a strong fundamental but will always set stop-losses/sell-gains etc.
At the moment there is a lot of hype and "potential" in the infant formula sector. Same goes for Cobalt, Lithium, Graphite, Uranium, Rare Earth, Iron Ore, Coal etc. depending how far you go back.
I have found trading and short-medium term investing in "what is hot" is the best way. Never fall in love with a stock. Before a bubble burst usually it takes about 18-24 months to inflate. First 3-6 months the inflation process is quite slow. Then there is usually a 3 month where things deflate or stagnate/plateau. Then the bubble burst (with a couple of attempts to reinflate along the way). Stop losses is the way to play. If the stock keeps going up then adjust the sell to "10-15%" of the upward movement (last traded price). Main thing is NEVER let a loss drag on.
While I enjoy reading fundamental research but I find too many people stick to this no matter what. I am astonished that when talking about a stock that could potentially fall by 50% some people even say "so what ... just means I can buy more cheaply". Imagine if your fund manager tells you the $100,000 you put in with him/her is now $50,000 but "do not worry even if it falls to $20,000 as you can buy more to average down and things will have to move up sometime".
Stocks is like a one night stand. Prepare to end it at the first sight of trouble.
- Forums
- ASX - By Stock
- BUB vs WHA
I know it was a joke. You even had "lol". I am a short-medium...
-
-
- There are more pages in this discussion • 284 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 WNX (ASX) to my watchlist
|
|||||
Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.69M |
Open | High | Low | Value | Volume |
2.9¢ | 3.0¢ | 2.8¢ | $119.6K | 4.135M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2754024 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 467816 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2754024 | 0.029 |
1 | 1236 | 0.028 |
4 | 477723 | 0.027 |
5 | 1548109 | 0.026 |
8 | 2315000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 467816 | 2 |
0.031 | 200000 | 1 |
0.032 | 1875000 | 3 |
0.033 | 1000000 | 1 |
0.035 | 160000 | 2 |
Last trade - 14.29pm 09/07/2024 (20 minute delay) ? |
Featured News
WNX (ASX) Chart |