I have been trading the relative values of LYC, Lynas, and DRE. I chose them based on the way I saw LYC years ago and have held LYC on and off for some time. I see DRE is in the early stages of rare earth prospecting.
I started off with a ratio of 150 to 1. It is now around 400 to 1. I no longer use ratios but I trade on the basis swing. If one goes up and the other goes down I do two swap trades. I aim to buy back 10% more on the back-and-forth trades. It is still working. I'm not achieving the 10% but am averaging around 4.5% after brokerage.
I'm open to suggestions as to another two shares that may also fit into this type of trading. I'm trying to find a "companion" for SYA ? One advantage is that it matters zilch whether or not the overall market is rising or falling.
I have been trading the relative values of LYC, Lynas, and DRE....
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Last
0.2¢ |
Change
0.001(33.3%) |
Mkt cap ! $7.357M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $3.27K | 1.734M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 190833659 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 20507858 | 13 |
View Market Depth
| Last trade - 11.58am 03/05/2024 (20 minute delay) ? |
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Last
0.2¢ |
Change
0.001 ( 25.0 %) |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.2¢ | 0.2¢ | 1013972 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| EDE (ASX) Chart |