RE: Acquisitive, one of many…19 Jan 2023 11:37
Hurst, For a start I am not a day trader.
"However if you do your research in a stock and the sector, you will find the best strategy in Avacta for quite some time, have been never to sell, take advantage of days when the market got it wrong..."
Ok, well not for me, but each to his own. (And fwiw, I never take the view the market gets it wrong, because I don't know how you can know that, and further you have to know then by implication, when the market gets it right, which again I don't know how you can know that either.)
for the last 9 months the SP (up to this week) has occillated between (roughly )100p- and 135p
That 35% spread has allowed traders to trade this stock. Its been fairly predictable and reliable and profitable.
The breakout preceding this rise was last week where i highlighted the odds based on TA suggested a rise was likely
If you are LTB&H then none of this is relevant and I appreciate that, but to say its the best strategy in front of those large recurrent swings is I think, at least debateable.