My first ASX purchase

[willoneau]

It is good that you are getting involved, just maybe a timing issue as the market is very volatile at the moment.

 

[willoneau]

Yes I agree I have actually been thinking the same thing the last day or so like I said im here for help and education just dipped my feet in the water. I need to do some research on exit strategies. I guess I will youtube stock market exit strategies and see what I can find.

Any one willing to offer some links for education on this.

Go read Skates dump it here thread , a wealth of information and gold nuggets.

 

[Warr87]

good work.

And as its been pointed out, it's highly recommended you have a system. It doesn't have to be mechanical, but a systemic is needed. And starting thinking in probabilities (if the fundamental investors know that not every one of their investments will be a winner, but statistically they hope to win overall).

It's a very volatile market right now. Even if it does bounce back, I suspect it will drop back (as people make a quick buck and sell into a rising trend to regain some losses). No one knows how long the market will be like this, but certainly be cautious.

 

[bfhoon]

good work.

And as its been pointed out, it's highly recommended you have a system. It doesn't have to be mechanical, but a systemic is needed. And starting thinking in probabilities (if the fundamental investors know that not every one of their investments will be a winner, but statistically they hope to win overall).

It's a very volatile market right now. Even if it does bounce back, I suspect it will drop back (as people make a quick buck and sell into a rising trend to regain some losses). No one knows how long the market will be like this, but certainly be cautious.

So im guessing what your saying is perhaps I should have sold $300 up and waited for it to drop again and perhaps invest the same amount and hope for the same result while the market is volatile. Ive been browsing some of skates posts some very good quotes and simple advice

 

[willoneau]

So im guessing what your saying is perhaps I should have sold $300 up and waited for it to drop again and perhaps invest the same amount and hope for the same result while the market is volatile. Ive been browsing some of skates posts some very good quotes and simple advice

If you believe your reasons for getting in to the stock are still right why not buy more stock as it goes down?
But this is not advice as I don't believe in dollar cost averaging or buying stocks as they go down.

 

[Warr87]

you could keep doing that, but what if it doesn't go up by $300 next time? How long are you going to hold on to it and let it slide to make that money intra-day?

If you want it for long term, I'd still set yourself an exit (i.e. if it drops by 30% get out). Have a take-profit goal too if that helps you.

But these are specific strategies (and risky ones too).

 

[bfhoon]

If you believe your reasons for getting in to the stock are still right why not buy more stock as it goes down?
But this is not advice as I don't believe in dollar cost averaging or buying stocks as they go down.

Yes I wouldn't mind investing some more into it I will work on an exit strategy

 

[willoneau]

How low will it go?

 

[bfhoon]

Apparently PNV released some news this morning about clinical trials which was positive and also the news that they are borrowing nearly 10million from NAB to fund research for their hernia venture. When they come off a trading halt today how is the market likely to react im thinking lots of people buying and hence the price will go up or will it go the other way? Or no one knows just the market.

 

[willoneau]

Guess you will know by end of the day.

 

[bfhoon]

opened 22% up from previous be interesting watching this today amazing what some news does