making money on the way down
Thanks to all posters on this thread, great stuff.
on a similar but related topic to both lines of enquiry in here viz
1. protecting profits/stopping losses
and
2. be in on rising markets - trade to miss the downturns
can I add
3. How do you practically and proactively make money on the way down, on NZX and ASX?
I get that at the top, into cash, at the bottom, into shares ...
but say I analyse, or simply feel in my bones, that a stock, any stock, pick one, will halve over the next 6 months. is it only the big fish who can sell short, who make money while the sun isnt shining?
btw, i use nat bank, thinking of going asb on basis of this thread...
ASX stop-loss frustration
Quote:
Originally Posted by
mattyroo
Alice, Still no exciting stuff, let alone the stop losses.
Maybe it is worth the hassle of setting up another trading account if DB can't get their A into G!
Hi mattyroo,
Thanks for taking the time to write to me.
I wish I could deliver the good news you're after, but I simply can't at this point in time.
The "exicting stuff" that I referred to back in October is very close to fruition though, and I can assure you that the wait will definitely be worth it.
Merry Christmas,
Alice