Another potentially good trade that just did not materialize. Observing that MACD is about to cut 0 and holding the green 50 day ma, my entry took place at 1.26.
It was not to be. During the recent correction, it went down to my cut loss area and i eventually got out at 1.16 for a -8.6% loss. Very bad trade, where i should have had a tighter cut loss target. Because of this i gave back alot of last month’s profits.
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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. All opinions on Investment Moats are his own and does not represent the views of Providend.
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