two trades .. two contrasting styles .. one classic trend following .. another is a classic in stupidity ...
i initiated a trade in ism on 5 april 2016 .. 90,000 shares at 1.36 .. followed by another 100k at 1.59 on the same day as the stock climbed further ...
then another 100k at 1.64 on 11 april 216 .. another 10k and finally another 200k on 25 april 2016 (yesterday at 1.94)
then as the stock reached its peak at 2.59 ,, i started to give the stock more attention ,. and as it fell to 2.40 .. i sold all until it reached 2.35 ... the stock closed at 2.42 ...
the next day .. today (26 april 2016) .. i was itching for ara ... it having gone a lot the past two days ... from 1.57 to 3.03 yesterday ...
i was late for the opening .. only able to buy 100k at 3.18 .. only to find out that it was already peaking at 3.24 ... it closed at 2.45 for the day .. (some sort of bearish engulfing?)
potah what have i been thinking with ara?
i could only think of two things ..
- i was afraid i would be left out ...
- i bought at the top ... when i should be buying before the macd gives a BUY signal .. utterly not me .
shhhheeeesshhh ... fresh from success with ism ... i completely became careless and left all rationality behind ..
anyways ... thats that .. stupidity still rears its ugly head from time to time ...
***my facebook account has been blocked by facebook management ... if you happen to like this post .. could you kindly share this in your facebook timeline and to facebook stock market groups you belong to? thanks ...
