MM I have been thinking about your last line in comparison to the trading approach" I’m going long like real estate on this, but I like to live on the edge." I fully agree that when considering trading verses simply accumulating your's is the most wiser approach.
Have been doing a bit of math on trading
so here's what I came up with for a typical $10,000 dollar trade
sell at .033 = 303,030 shares = $10,000 + say $30 commission =
$9,070 in the bank
so now you wait for the price to go down and to play it safe people here reckon it might go to 2.7 but lets play a little safer and put a buy order in at 2.8 cents after further costs of about $30 we will have about $9,040 to buy shares with which should buy 322,857 shares or 19,827 more shares than I started with, which at a value of .033 are worth about $654.30
So the risk is that my 303,303 shares that I sold I might not be able to buy back just to make $645
now one day those shares should easily be worth $2 each or over $600,000
so people are risking a future worth of $600,000 to add $645 worth of capital to their portfolio?
To me the risk just doesn't make sense
I would rather find another $645 + $15 trade fee = $660 total and buy those additional 19,827 shares at 3.3 cents now like an insurance aganst not being able to re-enter at a lower price than I sold at.
Another big plus of not risking $600,000 is that I get back the insurance cost of buying those extra 19,827 shares and one day at $2 each will be worth over an additional $39,600 in my portfolio so the insurance of simply buying those extra 19,827 shares actually makes me money! and aviods the risk of losing $600,000 to make $654?
why would I want to trade?
FP
- Forums
- ASX - By Stock
- IMU
- Weekly chart
Weekly chart, page-148
-
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMU (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $396.8M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.3¢ | $339.4K | 6.365M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 895592 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 672708 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 845592 | 0.053 |
21 | 2719942 | 0.052 |
37 | 3800174 | 0.051 |
70 | 5690066 | 0.050 |
16 | 2155346 | 0.049 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 672708 | 10 |
0.055 | 2964674 | 13 |
0.056 | 2227496 | 13 |
0.057 | 1068065 | 8 |
0.058 | 725800 | 5 |
Last trade - 16.10pm 28/08/2024 (20 minute delay) ? |
Featured News
IMU (ASX) Chart |
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online