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1.37%

7.2¢ invictus energy ltd

Thanks mate. Much appreciated.

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ButtShikan25

105 Posts.

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06/10/22

09:01

Post #: 64053958
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Originally posted by Lute: ↑

There are three excellent books to read in trading.

"Reminiscences of a stock operator" by Jesse Livermore, perhaps the greatest trader in history.
"How to make money in stocks" by William O'neil.
"Trade like a stock market wizard" by Mark Minervini.

All three cover the exact same principles of using price action and volume to determine entry points. This means listening to the market and not some adviser, as price action is the ultimate truth in a stock.
However, Minervini sums it up succinctly so I would start there.
Fundamental analysis is crucial, but as explained by all three authors everything you need to know is in the chart.
Volume and price action is the most important piece of information when assessing supply and demand.
Livermore traded markets late 19th century when markets were using ticker tape and a chalk board, however as noted by O'Neil the same behavior is exhibited time and time again in the market even 100 years later. It has to as human behavior never changes.
It's identifying this behavior (accumulation / distribution, price breakouts) which will set you apart from the average traders.
My advice is to read everything on the above and then read them again.

Good luck.

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Thanks mate. Much appreciated.

IVZ Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.2¢		Change -0.001(1.37%)		Mkt cap ! $103.5M

Open	High	Low	Value	Volume
7.3¢	7.4¢	7.2¢	$81.19K	1.105M

Buyers (Bids)

No.	Vol.	Price($)
1	136986	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	50366	2

View Market Depth

No.	Vol.	Price($)
4	101060	0.072
4	434328	0.071
8	1130751	0.070
2	24492	0.069
4	171625	0.068

Price($)	Vol.	No.
0.074	50366	2
0.075	142264	4
0.076	142227	2
0.077	78285	1
0.078	546156	2

Last trade - 13.02pm 19/07/2024 (20 minute delay)

IVZ (ASX) Chart