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
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MM I have been thinking about your last line in comparison to...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $768.4M |
Open | High | Low | Value | Volume |
10.5¢ | 10.8¢ | 10.0¢ | $746.7K | 7.120M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
176 | 10004604 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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10.5¢ | 420568 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
176 | 10004604 | 0.100 |
12 | 525784 | 0.099 |
10 | 716843 | 0.098 |
11 | 640958 | 0.097 |
10 | 772491 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 420568 | 8 |
0.110 | 7967553 | 66 |
0.115 | 6445983 | 53 |
0.120 | 11666760 | 87 |
0.125 | 13968032 | 53 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
10.3¢ |
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Change
0.000 ( 2.40 %) |
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Open | High | Low | Volume | ||
10.3¢ | 10.5¢ | 10.3¢ | 1930285 | ||
Last updated 15.59pm 28/03/2024 ? |
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