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
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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. |
---|---|---|
$2.20 | 235682 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 133683 | 2.180 |
4 | 63290 | 2.170 |
7 | 604315 | 2.160 |
12 | 199857 | 2.150 |
6 | 239446 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.200 | 222158 | 45 |
2.210 | 52432 | 7 |
2.220 | 104642 | 7 |
2.230 | 78842 | 4 |
2.240 | 83417 | 5 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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ZIP (ASX) Chart |