I'm a long term investor not a trader. Trader's look for quick in and outs on stocks to make small profits from each round using mostly technical signals with little to no regard to the company's fundamentals. Long term investors focus on fundamentals and bet that, in the long term, their stocks will go up based on the increasing company value. Either approach can work. Personally, I find it hard to ignore fundamentals so I look for growth stocks like InMed and hold them for an indefinite period until I feel that growth is no longer in the cards.
If you can afford to do that, then InMed is an excellent investment and will probably offer a much bigger return in the long run. If you think you may need that money sooner or won't be able to handle the inevitable dips in value along the way, perhaps you should be looking at trading in other stocks. You should start by asking yourself where you think the stock price will be a year or two from now and which stock will give you the greater return on your investment. JMO
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