Hunini ..if you were trading purely from a technical / process, disounting fundamentals 100%, driven trading style you would be correct. But if you were, you wouldn't go near NRW. In such a case your primary mistake would be to buy NRW. So if you are a technical using a process driven system you would be a mug to buy NRW in the first place.
I think a stop is prudent a lot of the time but not in a high conviction, high beta trade trending down.. then you swing to position size.
Your argument would also be true if all your money was spread over 20 stocks but only if they were all high conviction / beta trades going against the trend . But they are not, NRW is the only stock that I hold as a contrarian view to the market against sentiment.
There is so much more to risk management than stop losses. But if that's you're only way of mitigating risk then fine..just that you should never of bought into NRW in the first place.
- Forums
- ASX - By Stock
- huge sellers on market - why?
Hunini ..if you were trading purely from a technical / process,...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.34 |
Change
0.050(1.52%) |
Mkt cap ! $1.520B |
Open | High | Low | Value | Volume |
$3.32 | $3.35 | $3.29 | $3.542M | 1.063M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11560 | $3.31 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.34 | 6396 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11560 | 3.310 |
4 | 17348 | 3.300 |
4 | 29347 | 3.280 |
1 | 1520 | 3.270 |
3 | 9312 | 3.210 |
Price($) | Vol. | No. |
---|---|---|
3.340 | 6396 | 2 |
3.350 | 8697 | 3 |
3.360 | 16185 | 4 |
3.370 | 1800 | 1 |
3.380 | 22807 | 3 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
NWH (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online