Re; your last paragraph - agreed.Let's not encourage any further...

First 4823 Last

Share
Profile

Follow
R08

8,294 Posts.

1832

05/04/20

17:18

Post #: 43890065
Share

Originally posted by Jasox: ↑

Understand fully where you are coming from with SL on forex. I went through similar discovery, following the 'rules' only to experience the SL would be triggered before a reversal and came to the same conclusions as yourself, leaning towards #2 with some concerns around 'stop hunting' which ultimately saw me leave forex.

I too use mental stops during day trading, but for long holds it has been my undoing as it's not possible for me to monitor the market constantly due to full time employment. This has led to avoidable losses and going forward i will be looking to only take positions that can be concluded the same session.

The recent market hardships have made me review my holdings, having confidence in the companies to deliver has made it easier to hold a losing position as quality will be realised at some point and price will catch up to reflect the potential on offer. I have mentioned shaking skittish people a couple of times recently, that's no attack on people needing to sell and preserve capital, rather a look at the type who would still be holding - high conviction investors that see the bigger picture. It would have been an incredibly difficult time for investors with low confidence seeing the SP plummet and likely motivated them to take what can be had and exited. This is important for the turnaround as can be seen in recent trading, very little sellers stepping up now.

Regarding the other two - im not sure, someone else might be able to give you more information. I have taken more of a back seat these days and post infrequently, coming to the realisation that the majority of opinions that are expressed/pushed are not worth the time of day reading. There are good people and gems of information hidden within the chaff, but many times i have written a reply only to think 'why bother' and just deleted it. Perhaps they have done the same? Maybe HC has stepped in to intervene, or maybe they are now holders?

Expand

Re; your last paragraph - agreed.

Let's not encourage any further discussion on the "two" - now gone and never to return.

LPD Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
14 Upvote

2 Great analysis

Reply

Top Stories

ASX Market Open: Local bourse to dip -1.30% on back of soft US Friday session | 9 September 2024

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

WBC

Westpac appoints former Deutsche and Goldman Sachs executive to the top job

KCC

Kincora to unlock key copper-gold province with three new licenses in NSW

There are more pages in this discussion • 11,846 more messages in this thread...

First 4823 Last

Add LPD (ASX) to my watchlist

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $17.17M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$29.70K	15.03M

Buyers (Bids)

No.	Vol.	Price($)
125	273223390	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	32741268	5

View Market Depth

No.	Vol.	Price($)
114	256023389	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	3420269	4
0.003	42576952	55
0.004	28824634	38
0.005	12959877	10
0.006	8537559	12

Last trade - 16.10pm 06/09/2024 (20 minute delay)

LPD (ASX) Chart

Re; your last paragraph - agreed.Let's not encourage any further...

ASX Market Open: Local bourse to dip -1.30% on back of soft US Friday session | 9 September 2024

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Westpac appoints former Deutsche and Goldman Sachs executive to the top job

Kincora to unlock key copper-gold province with three new licenses in NSW

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Re; your last paragraph - agreed.Let's not encourage any further...

Top Stories

ASX Market Open: Local bourse to dip -1.30% on back of soft US Friday session | 9 September 2024

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Westpac appoints former Deutsche and Goldman Sachs executive to the top job

Kincora to unlock key copper-gold province with three new licenses in NSW

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News