It's mainly new traders with no cash that end up failing. Trading options & cfds, etc and being forced to close positions and depleting capital. Margin is the biggest killer. I would tell anyone just starting out to never borrow because the market ALWAYS surprises and takes it to the extreme.
Money makes money though. Anyone with a decent amount of cash saved up and doesn't "day trade" can make money "trading" as long as they don't do anything too stupid. That's why I say I like to swing trade in companies that I would like to hold anyway. Even if you stuff up, you just stay still in them for a few months and pretend you're an "investor" until you're in profit again lol
I'm not doing that in Zip anymore though. I truly believe we're about to get sucked into the US BNPL craze and that we're super-early on the moon ride. I feel like an insider trader LOL
Daily Price Movement / General Discussion, page-30345
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Last
$2.19 |
Change
0.260(13.5%) |
Mkt cap ! $2.772B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.19 | $2.00 | $56.69M | 26.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 133683 | $2.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 235682 | 50 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |