PLS

0.67%

$2.98 pilbara minerals limited

Very good explanation, Buggo90.I am a long term holder since...

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RockyOutcrop

308 Posts.

49

08/04/22

10:19

Post #: 60734803
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Originally posted by Buggo90: ↑

Don't really know what all the fuss is about on these forums over last few days.

If you trade this stock: Recent volatility could not be any better for you, plenty of money to be made - if you're good at trading.
If you short this stock: Again, short term volatility is your friend - if you're good at shorting.
If you're holding this stock for the long term: If you are truly a long term investor you should look at it like you would a property investment - ie. when are the two times you care about what the price is? When you buy and when you sell, it's not like you have a valuer coming in every day telling you how much your home is worth, ignore the noise and be patient. Investing is about transferring wealth from impatient to patient etc. You need to be good at holding.

All these different trading styles have a common theme, you need to be good at each. If you're a LTH getting antsy about recent prices, maybe you're not a long term holder and should either sell or utilise a different trading style?

At the end of the day - blind Freddy can see we're in a LCE deficit, and this will continue to at least the end of the decade (maybe longer). Most major investment houses have now even confirmed this fact.

FYI: on the 8/04/21: this share was traded at $1.15, whilst a year earlier it was traded at approximately $0.20. If you've traded this stock along the way, you've probably done very well, whilst if you've held this stock over the long term you've definitely done very well. If you've shorted the stock over this time, commiserations - you've likely lost more trades than you've won.

Note: when all else fails there is an ignore button function on HC that I've found particularly useful.

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Very good explanation, Buggo90.

I am a long term holder since 8.6cents.

I also trade with my $100k in these times - average 12.3% per trade.

There are times I just hold and wait for it settle into a pattern again, before returning to trading.

Best of both worlds.

MOO

PLS Price at posting: $3.29 Sentiment: Buy Disclosure: Held
9 Upvote

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(20min delay)
Last $2.98		Change -0.020(0.67%)		Mkt cap ! $8.972B

Open	High	Low	Value	Volume
$2.92	$2.98	$2.90	$38.78M	13.16M

Buyers (Bids)

No.	Vol.	Price($)
2	15056	$2.97

Sellers (Offers)

Price($)	Vol.	No.
$2.98	89928	9

View Market Depth

No.	Vol.	Price($)
1	11000	2.970
2	5067	2.960
1	7500	2.950
1	10000	2.940
4	11699	2.920

Price($)	Vol.	No.
2.980	31000	3
2.990	28400	2
3.000	113777	14
3.010	8821	3
3.020	135253	6

Last trade - 16.10pm 23/08/2024 (20 minute delay)

PLS (ASX) Chart

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