The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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September is the date and 10 P is correct
There appear to be numerous Zak Mir wannabes appearing 😂
The progress that the company makes will influence the SP, not drawing lines on charts.
I suggest you draw a few lines on the JLP chart, and be amazed how tight the chart follows lines
It only follows it when there is no significant news. Keep believing your inane theories and lose money.
Here's my 2 cents on tech analysis, apart from the fact I saw people use it on BTC daily for a couple of years and watched them nearly all lose their shirts....
John Bollinger, inventer of Bollinger bands, investing since mid 70's, various lifetime achievement awards and feted as one of the best TA guys ever...net worth 50m
Warren Buffett, best investor around, uses fundamentals....net worth 139B.
On the BTC front again....I saw a tonne of people giving it the big one about 'moving averages, golden crosses, green potato hedgemony etc etc' and they would put their money where their mouth was, then get shocked when BTC promptly dropped or went up by 20% in a couple of hours, or when some news came in like it was going to be banned in China or something and it would plumet by 60%. Where's the TA then? Nowhere, that's where.
Also, traders use TA not generally long term investors, and as we all know over 90% of traders lose money long term. Also, there are so many TA techniques it's easy to to put any mistake down to 'oh this indicator is rubbish I should have been using X which perfectly predicted what was going to happen.'
Let me tell you about statistics....you make your prediction BEFOREHAND
Ardbeggar
I can't argue with a man who is right !
Having been lucky enough to know certain people in the UK and USA who are in Investments, when talking about
Tech Analysis they chuckle as the big investors go on knowledge and serious research together with conversations with the Companies. they do however admit that if you look backwards it has some small credit. I have never traded, I have lost more money than I wish to talk about in stocks mainly through the normal greed and fear process, I know some traders that do nothing else but sit at home and deal and when they are honest they say it's bloody tough because they are rarely correct and they shares that they have left alone have done better if the basics are right. The basics with JLP are more than right and the timing which every trader will tell you is everything is bang on I just hope the Company don't screw it up
Suport everything you say there Edzi.
Btw, just one more point. I remember during the BTC a guy who was feted as a modern Godfather of trading. Unfortunately I can't remember his name, but it wasn't Bollinger. I looked at his situation.....one man trader in a small rented office. He had written books and he said his lifetime average for trades was correct 54% of the time.
Ok.....now how many times is someone like Buffet right? As you say it's about the quality of the share, the macro economic conditions, the quality of management, and a little luck. Tea leaves at it's absolute best only gives 54% success rate.....well over a lifetime that's enough to make a living, just as having a 4% edge over a casino would make you money on enough gambling, but it's not going to touch what investing properly will give you.
Select your share based on fundamentals. Use TA to decide when to buy and sell.
This share was 6.7p about 10 weeks ago. If I'd bought on the fundamentals my initial investment would be up 17% now. Not bad.
Using TA and the power of compounding I'm up 95% in the same time.
I must just have been very lucky I guess.
Buy 5p. Sell 6p. Buy 5.6p. Sell 7.2p ish. Buy 6.6p. Hold at 7.7p. Top up at 7.5p on small pullback. Seven consecutive right moves informed by TA.
Of course it's just mumbo jumbo.
Buy and hold the right shares works a treat. Buy and sell the right shares at the right times is so much better, but difficult. Hard work and stressful.
Good luck however you aproach it.
Kalan, get help. You just embarrassing yourself here. Mate really, stop filling this wall with utter rubbish. No one cares about your ridiculous predictions after they happened.
Predicted before they happened. That's the point.
Trying to help others make more money but I guess you can't educate pork.
Assuming that's self reflection.
I would be embarassed if I'd invested a quarter of a million and been down 40% after 12 years.
Https://x.com/jubilee_metals/status/1791365912630542368?s=46&t=mVgZpn0KGRUg-RQaOGChhg
Good morning everyone,
Wow you have stirred it up this morning Kalan!
Nice video Mikie
Pigs are exceptionally intelligent animals.
Two promo video's in a week... it's all kicking off at Jubilee 😁 I hope this is all building up to a Roan video next week... that would be a big cherry on the cake.
It does promote an air of confidence within Jubilee Seis. I wonder if we will see Thutse next, then an RNS, then Roan? That might just take us towards the end of May as suggested in the timelines. I do like these videos, they really emphasise the size and processing/engineering ability attained by Jubilee.
Buy 5p. Sell 6p. Buy 5.6p. Sell 7.2p ish. Buy 6.6p. Hold at 7.7p. Top up at 7.5p on small pullback. Seven consecutive right moves informed by TA.
^^ Absolute nonsense. Yes you made those moves but you were swing trading on this basic basis 'it went up a lot so now it will probably pull back a bit' which works until it doesn't because there's news (positive or negative) or the macros change etc etc. Imagine for instance if you were looking for an entry at 6.6 and Roan had come online a bit early and the RNS came out. Bang goes your entry point and you'd potentially have been better to have held from the start. Orrrrr you buy in at 7.5p and there's news of Roan being broken and needing 6 months of work, you'd be immediately 50% down on that. These are both reasons that TA is, frankly, silly.
If it worked and you could pull 95% gains out of the bag every month or two then 'by the power of compounding' you'd be a multimillionaire in a couple of years, which you aren't. I used to swing trade BTC the same way and make around 5% a day doing it during quiet periods and got to about 25x my initial investment, until you get an event that happens and you get whipsawed and you've lost it.
Also, I was going to leave it, but the other day you were doing the usual thing of saying stuff like 'I can absolutely categorically state they were going to run out of money.'
As I've said before, if you don't understand the difference between saying things like 'I think that' or 'I can absolutely categorically state' then mate.....it's a problem.
Yes Mikie, short of actually visiting the site, these videos really help to paint a picture of what's happening which you can't get from just reading an RNS. It all adds to the general impression of a company that's becoming more professional too, which can't be a bad thing.