Quite easily, I trade a lot and I'd probably say more than 50% of my trades are losers these days - just as long as you've got a system to jump out for a small loss. Took 4 trades today, win ~ $5200 on FMG, win ~ $1400 on MGX, win ~ $700 on IPL and lose ~ $150 on CEY.
Not heading in the direction you anticipate? get out immediately, that's one rule I trade by. Another I like doin is to sell 25% parcels into rising momentum, eg. sold FMG at 2.31, 2.54, 2.73, 2.80. Still annoyed at dumping the whole lot of MGX at 0.335 :/
And nothing wrong with chasing rallies, still wishing I'd jumped onto the KZL rocket ship, no guts - no reward :/
Anyway happy trading.
how could anyone lose money on fmg today?, page-22
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |