I find it incredible that someone is placing single bets of $77,000 and yet makes a beginner mistake like placing a stop at round numbers. Still, that is bad luck, imagine what a legend he'd seem now if he had of held. Though he probably would of sold on the first pull back and netted a "mere" 10% profit.
Your brother had a 2% stop when MQG was swinging 5-10% a day at that point. Thus he was day trading and probably wouldn't even had booked 10% profit. A 2% stop loss during that sort of volatility is...not best practice. Though WTFDIK, I'd never day trade.
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Last
$202.62 |
Change
-1.770(0.87%) |
Mkt cap ! $77.90B |
Open | High | Low | Value | Volume |
$205.30 | $205.39 | $202.21 | $49.61M | 243.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 16 | $202.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$202.62 | 91 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 122 | 202.490 |
2 | 240 | 202.480 |
1 | 50 | 202.470 |
1 | 25 | 202.460 |
2 | 13 | 202.450 |
Price($) | Vol. | No. |
---|---|---|
202.530 | 113 | 15 |
202.540 | 44 | 7 |
202.550 | 72 | 5 |
202.560 | 2 | 2 |
202.570 | 112 | 5 |
Last trade - 13.06pm 09/07/2024 (20 minute delay) ? |
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MQG (ASX) Chart |