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1.1¢ hydrix limited

Good one Fid and thanks for sharing. Wish you a nice weekend and...

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Meteor

13,592 Posts.

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14/10/16

16:07

Post #: 19869158
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Originally posted by Fid ↑

Good question Milesy, .......... actually a very good question which I'll try and answer remembering I'm in no position to and would't advise anyone.
My methodology and rules demand a stop loss based on my appetite for risk which is a dollar amount not a level or pattern, why, simply because I can't argue with myself and try and interpret the level or pattern another way, money is money end of story.

Appetite for risk is my loss tolerance and everyone will have a different figure, the deep pocket guy will comfortable lose $10,000, another market participant will shudder at a $100 loss but take it and move on. I've an amount (loss) where I'll sell if I'm wrong regardless of anything else.
I have found in the past that if price takes( gaps etc,) me below my loss comfort level too far then I'm frozen and can't take the loss because it's too much, and my thinking is that if I don't sell my loss isn't realized.
Preservation of my trading capital is paramount.

I hope this helps but it's my opinion only and others are welcome to disagree.

Cheers
Fid
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Good one Fid and thanks for sharing.

Wish you a nice weekend and hope to see you back and making some moolah next time.

PSY Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $2.796M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$660	60K

Buyers (Bids)

No.	Vol.	Price($)
3	905507	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	985867	1

View Market Depth

No.	Vol.	Price($)
3	905507	0.011
3	556513	0.010
1	100000	0.009
2	190682	0.008
1	200000	0.007

Price($)	Vol.	No.
0.012	985867	1
0.013	76923	1
0.014	72810	1
0.015	258130	2
0.016	39999	1

Last trade - 13.08pm 05/11/2024 (20 minute delay)

HYD (ASX) Chart