LYC 2.89% $5.69 lynas rare earths limited

The best time to buy or sell is always before the market open or...

  1. 1,247 Posts.
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    The best time to buy or sell is always before the market open or at the close.

    Let say the premarket price from the day before was 16.5c
    Then between 7am and 10am,if I I see a pre-market buy with possible open at 17c, I will place my sell order below 16.5c.
    You will join the queue.
    People who place lower than you will get their shares sold first, you will still get your shares sold, but it depends on the number of shares on offer.

    So if you are sure of green open, then put the sell order at the lowest, so you can be first in the rank. The risk of that, if the market is going to open in the red, your shares will be sold at that price.

    When I sold the one million shares prior to the production report, I got the price I want at the close @20c, rebought @20c two days later and sold again @21.5c.

    When I sold the other one million shares after the release of the production report, I looked at movement of the share price in the premarket, few minutes before the open and it was hinting to an open of 18.5c, I placed my order to sell @18c. I got the order executed at the open @18.5 (the open price despite my order was @18c.

    Most of the times, I will buy either at the open of the close and if I sell I will do it at the same time.

    Intra-day sell or buy, you will always lose or pay more because you have to jump the queue, unless you take a position the day before to have a chance of buy or sell at the market price.


    This is my strategy . DYOR , this is not an investment advice.
 
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Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
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