Siachin
I also am a novice and have a general rule which I learnt off hotcopper and that is dont buy above 10c. If it falls it falls fast. I had a buy in at 9.8 and got it. I watched the 6.5mil wall at 10.5 and when the 10c bids 4.5mil odd came crashing down I went with it. Got $160 instead of the $1160 I hoped for but at least I could have got out at 9.6 for a small loss.
I pity those who were buying 250 k at 13 or 13.5
I hope this makes sense ie buy 100 k at 12c and you can be out of pocket 2k in the blink of an eye.
Buy 100k at 10 or less and you are only losing $100 a tic.
I am a silent member of hotcopper but I read like a maniac in the eternal hope of learning the game.
Laurence
- Forums
- ASX - By Stock
- bum's rush
SiachinI also am a novice and have a general rule which I learnt...
-
- There are more pages in this discussion • 45 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 NUP (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online