NXM 2.70% 3.8¢ nexus minerals limited

NXM the next multi bagger, page-145

  1. YLJ
    819 Posts.
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    It does my followers & inexperienced readers no good by only posting the better trades, so...
    I was stopped out this morning on NXM for a 90 basis point loss.
    Did not move my stop to break even on the stong breakout, as I often do, as
    I wanted to give it a little room. Hindsight is 20/20 and a pointless endeavor.
    Technically the Pattern is not completely violated until a break of the lower
    boundary, but it is not what I like to see on a trade.
    I never place my stops all the way below the patterns.
    boundaries (as many do). The reason for that is how it affects position sizing.
    Since I have found the best trades to work "hard and fast", the trade-off between
    the lost profit potential and the ability to stay in a trade a little longer is a clear
    choice for me according to my historical trade analysis.
    Will have to sit on the sidelines for now & watch for further developments.
    That is the reality of trading, and should be a part of one's expectations.

    Technichal commentary only here... no bash at fundamentals & good
    luck to all holders.
 
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Last
3.8¢
Change
0.001(2.70%)
Mkt cap ! $14.78M
Open High Low Value Volume
3.7¢ 3.9¢ 3.7¢ $21.10K 551.5K

Buyers (Bids)

No. Vol. Price($)
1 45737 3.8¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 122500 3
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Last trade - 15.44pm 28/06/2024 (20 minute delay) ?
NXM (ASX) Chart
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