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.
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.
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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.
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