Australia's largest stock trading and investment forum Australia's #1 stock forum

DayTrading After-Market Lounge 11th May, page-43

First 43 Last

Share
Profile

Follow
steps_asx

6,195 Posts.

37

11/05/16

19:31

Post #: 17739999
Share

Originally posted by stevier95 ↑

I've often heard on this forum that the share market is just a mechanism of transferring wealth. This is something I'd like to talk about in more detail. Obviously, every trade has a buyer and a seller, and in some circumstances then, a winner and a loser. For example, I purchased NOR in the 3s and sold out very near to its highs. I was ecstatic as this had been my most successful trade. Who wouldn't be happy with a 400% gain? After thinking about this question for some time, I've begun to think about the person who bought my shares off me, allowing me to realise my gain. This buyer would now be down 60-80%, assuming they didn't have a stop loss in place. I'd be very interested to hear people's thoughts on this idea; the idea of there being a winner and a loser in trading, and how they handle it.

Expand

Yes I do think about it. I figure if I am winning someone else is losing. But I don't think about it more than that. Have always said I won't trade anything I am not afraid to lose. It's a gamble although I like to think I am some what informed with the help of charting, announcements, these forums but no more than anyone else. I just hope I interpret it properly and to my benefit.
1 Upvote

Reply

Top Stories

Talking Australia's very competitive property landscape: Realty Talks

NRX

Noronex joins forces with South32 to look for copper in Namibia

AI stocks: What to expect in 2024-25

CC9

Wyoming could be America's next hard rock battery metal province – and Chariot Corporation can help

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

There are more pages in this discussion • 24 more messages in this thread...

First 43 Last