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
$202.53 |
Change
-1.860(0.91%) |
Mkt cap ! $77.90B |
Open | High | Low | Value | Volume |
$205.30 | $205.39 | $202.43 | $31.48M | 154.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 46 | $202.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$202.55 | 27 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 44 | 202.620 |
1 | 1 | 202.610 |
3 | 22 | 202.590 |
2 | 17 | 202.560 |
4 | 40 | 202.550 |
Price($) | Vol. | No. |
---|---|---|
202.650 | 34 | 5 |
202.660 | 28 | 5 |
202.690 | 9 | 1 |
202.700 | 4 | 1 |
202.720 | 14 | 2 |
Last trade - 11.08am 09/07/2024 (20 minute delay) ? |
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MQG (ASX) Chart |