Why has the discussion on Relative value trading morphed into a battle of justifying my credibility regarding my position, my intentions, my reasoning, my fishing or my thoughts regarding the Solomons or MB to a point where I could spit the dummy, say "go to hell" and walk away. Here is what it is all about. Maybe for the last time.
Only a few times over more years than I care to remember have I found an opportunity for relative value trading where you have no risk of being "out of the game" and where you can profit regardless of the SP rising or falling. The position with TAS and EDE is one. Has been one for a long time and as I see it, will be one for some time yet.
My motive. Pure and simple. On a forum share information that can be used by others. I have no wish to further debate my reasons why I believe the ratios are what they are . That is of no importance. I have no wish to debate the fact that a lot of posters and the company itself have promoted that the relative values are wrong. They are what they are. They have been that way for a long time. I have a personal opinion as to why. Opinions don't matter. The fact is that there is volatility in the relative value and regardless of where those values will end up the volatility will continue. Nor does it really matter because holding either should end up OK if Edencrete is the product it appears to be.
So stop debating divisive opinions and purely discuss the relative values, trade them or not trade them. Hold the one you choose if you wish not to trade or just trade one or both.
Here are facts.
1. There is volatility in the relative values on a regular basis, sometimes on an hourly basis.
2. The ratios for trading that I find work are reviewed continually. At this point in time I am selling TAS and buying EDE when the ratio is lower than 1.2 TAS to 1 EDE and selling EDE to buy TAS when I can buy 1.3 TAS for each EDE sold. If I cant make trades within my range
I review the relative values and may change that range. eg Not long ago I worked on a mean of 1.4 to 1. It is not set in stone.
3. Tax is not as big a problem as some suggest but it has to be taken into account. If trades are made on a falling market there can even be a tax credit. Everyone has a different tax situation but in the end there will be tax to pay. The fact is that the more tax you pay the more you must have profited.
4. You can take the profit by accumulating shares (freebies) or you can skim off cash as you go.
5. Rorter posts daily the latest relative values. These are end of day prices. During trading hours there is a variation to these relative values.
6. It is hard to get instant trades in both and sometimes it does not work out in your favour. Sometimes there is not volume available on both sides to make a trade even if the prices quoted are in the right range.
7. Paper trading. Beware. Ask yourself " could I actually have made the trade." (refer 6)
THINK OUTSIDE THE SQUARE.
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $4.026M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $1.051K | 262.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 221958 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 4785706 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 71571 | 0.040 |
1 | 16035 | 0.039 |
3 | 215789 | 0.038 |
1 | 200000 | 0.037 |
2 | 80000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 50000 | 1 |
0.045 | 127874 | 1 |
0.048 | 125145 | 2 |
0.052 | 27200 | 1 |
0.055 | 10000 | 1 |
Last trade - 15.55pm 15/11/2024 (20 minute delay) ? |
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