Another week another miser trade. Based on probability of risk vs return this turn out to be a good trade.
I have got nothing bad about the identification of the buy signal or the exit. It met my target. Its a low return and i should be working on a fatter channel. REITs nowadays don’t move as much as the bull market hey days but they do provide some rather predictable returns. However, i am not gonna use that as an excuse to get over confident. Moves in Mapletree Log and Macarthurcook REIT shows that they are suceptable to rather big down side and although i am away on ITIL course, i gotta thank abit of lucky stars it stills end up profitable.
So what went wrong with this trade? I keyed in a buy order in stead of a sell order. DOTZ. I lost like 1.5% just like that wiping out alot of my gains.
Blame no one for this but myself.
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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