traded Jumbo at a $280 loss.
Elaboration of action
Jumbo. entered Jumbo on impulse, without even checking the charts on my mobile.
at the price of 59.5c i thought it was an opportune time to load up on jumbo, but when i went home to take a look at it, was pretty upset that i committed to this down trending trade.
lesson learnt never enter a trade without clear signals
with this in mind, i don't disagreed that Jumbo is still fundamentally a good company with a nice growth story in china. and would re-visit it soon when the conditions turn up for a swing trade, meanwhile i'm out of it. just remembering not to look solely at the counter's price, but to look at the trend of the counter if i were to be doing some swing trading.
No comments:
Post a Comment