If you're swing trading or day trading managing risk with stop losses don't trade par. You will be wip sawed up and down into your stop. Listen to Ryan Mallory's podcasts don't trade small biotechs.
The only way to manage risk in biotechs that are too small to make it into the asx 200 is to keep your INVESTMENT (not trade) small. If a biotech gets hammered your portfolio will survive. One in five will turn out to be a ten bagger and you can manage risk with position sizing. If you only trade with stops try CSL, if it can bounce off resistance at $280 it might climb back to all time highs??? I am sure you will find a good spot for a stop on that chart.
GLTAH
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Last
25.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $87.44M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.5¢ | $91.79K | 370.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 30171 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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25.5¢ | 6164 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 30171 | 0.250 |
7 | 118709 | 0.245 |
17 | 169803 | 0.240 |
11 | 147855 | 0.235 |
12 | 141169 | 0.230 |
Price($) | Vol. | No. |
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0.255 | 6164 | 1 |
0.260 | 82054 | 4 |
0.265 | 12500 | 2 |
0.270 | 31250 | 3 |
0.275 | 43877 | 2 |
Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
25.0¢ |
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Open | High | Low | Volume | ||
25.0¢ | 25.0¢ | 24.5¢ | 21862 | ||
Last updated 14.29pm 05/06/2024 ? |
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