Another new year, another trading mistake. In a bid to get in on a hot property sector rotation, i got in at Yanlord at $2.18. Yanlord have been in a trading range for a while and the risk is that it will still be in the range for a while. What is working in its favor are earnings releases due soon.
The cut loss was set at $2.12 for a 3.5% loss limit. I didn’t stick to it when it reach that on Thursday, thinking that on Friday it would pull back fr 2.09 to 2.12. On friday it didn’t. So sold out at a 7% loss.
Will watch this stock tightly these few days. Although my trades with Yanlord have all been very shitty, it is these situation where you learn to overcome your losses and thinking clearly to see if there is another opportunity there.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.