Crazy, unless you have a special skill of picking the real bottom in a SP, your buy or sell will be triggered from within your rules of investing/trading. You can never tell if your investment will be trapped once you buy.
Alternately you can look for a trending sector like health care and just get in on the bull trend dips.
Another alternate is to get in on the heavy weighted stocks to the AS200 index and then hedge your stock position with a CFD short of the index the minute you start getting into a draw down. This is usually the standard way of hedging or perhaps options/warrants.
Last options, wait for the almighty sell off like GFC style and then asset write down before buying into the "abyss" and wait for the market to pick up.
No free lunch.
Going down, page-188
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Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |