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.