Hi acc
Thanks for the well-wishes & compliments. I too have gained enormously from reading HC posts & getting feedback to my queries & analysis of information I provided.
However, I only started trading/investing in earnest in July 2007 [entered at the top of the market - well done heh?] & I freely admit to ethical hangups about seemingly orchestrated shorting practices by instos., so please don't place authority on my contributions.
Re; ... "This is the first Christmas/New Year I've traded. Someone mentioned that often the low volumes through this period can provide some profitable volatility. Does it tend to be a time when good trades can be made, or should I just go to the beach and come back on 5 Jan?"
In the post below I mentioned the results of some of my research into the Dec 18/19 to Jan 2 period - as you mentioned, usually characterised by lower volumes & subdued SP gains. Post Jan 2 though has often been quite ugly & IMO The Market is not to be trusted atm. Recently I was pre-occupied with minding our grandkids for about 3 weeks & slipped up on exiting several trades for handsome profits which have now translated into problematic, longer term holds.
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=801772&msgid=4439379
Re going to the beach until Jan 5, well I've just had several more pre-cancerous lesions frozen & a squasi cell carcinoma [in situ fortunately] removed from my forearm so take care or you may suffer more damage at the beach than in The Market.
4YIO - NFA
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Hi accThanks for the well-wishes & compliments. I too have...
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Open | High | Low | Value | Volume |
$40.07 | $40.25 | $39.67 | $474.9M | 11.69M |
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No. | Vol. | Price($) |
---|---|---|
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No. | Vol. | Price($) |
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7 | 8039 | 40.000 |
1 | 5000 | 39.960 |
1 | 30 | 39.930 |
2 | 107 | 39.910 |
Price($) | Vol. | No. |
---|---|---|
40.030 | 1196 | 1 |
40.040 | 868 | 3 |
40.060 | 7044 | 2 |
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