fully agree. i always remember one of my first mentors in the...

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LambDownUnder

591 Posts.

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17/09/24

14:05

Post #: 75709980
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Originally posted by Exised: ↑

I've given up on calling out the 'its manipulated' and 'to the moon' type posts. An omnipotent power pulling the strings probably is true to some degree. But it happens to the upside and the downside. That way of thinking is extremely damaging. Especially to retail investors that haven't spent enough time in the market. No one ever said that it was a level playing field. So I'm not particularly sure why one would expect it to be. The simple fact is that there are much larger fish than you and I, try to beat them at their own game instead of viewing them as something that is omnipotent.

Blaming the umpires won't get us anywhere either. So don't get started there. Fact is the runs don't magically show up on the boards without the ball getting hit first and all the players making the most of the opportunity presented. ASX, ASIC, ACCC or any policing entity out there are all reactive by design. If you have to rely on these guys to keep your money in your pocket then you are absolutely in trouble. If you don't understand it then don't part with your hard earned. This is true in Gold Bullion, Stocks all the way down to the next TEMU impulse purchase online!

On a long enough time-frame any manipulation (if it exist on EVN) has close 0 impact to the SP because no one is bigger than the market. Set a fair price for EVN based on your analysis skills, that is the single biggest factor that you have full control in this game. Why worry about what another party is doing when you absolutely have no control over it. It is human nature to assign blame elsewhere instead of looking at oneself for improvement.

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fully agree.

i always remember one of my first mentors in the trading space telling me once if youre ever stopped out of a trade only for it to then reverse and you think the world is against you, let me assure you that the market does not give one hoot or shit about your 1 Lot'

too much 'main character energy' in these threads sometimes.

EVN Price at posting: $4.48 Sentiment: Buy Disclosure: Held
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