Here's a stock with a fantastic story, the directors are always optimistic, their annual reports would convince anyone this was a stock to buy & hold for the future. They've only been listed 4 odd years. https://www.barchart.com/stocks/quo...&sym=UBN.AX&grid=1&height=500&studyheight=100
there is a lot to that statement. To buy low and sell high means one should not buy high and then sell low...which is what 90% of the people do in the stock market. They buy the most talked about stock that is setting new highs every day essentially dipping their toe in it a little bit then yank it out after it drops and claim that "the stock market is a scam...ill never fall for that again". but then again when I think about buy low and sell high who's to say that todays high isn't tomorrows low? a company sitting on its 52 week high still might cost twice as much next year.
Mike is my mentor for teaching me about the basics and technical aspects of trading. He once advised me not to think at any stage that I know all about the forex market. I took this advise deeply and now after three years I still feel as a learner. Thanks!
" you cant lose money if you never sell" - WSB quoted from @zghorner " You can't earn money if you never sell " - maxinger