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.