This week i experienced fear of missing out... this was indeed a waste money trade that i should look forward to figure how to reduce. but i am glad i exited it just before the week ended. i will focus on reviewing my speculative trades and see what's there to trim off, as i embark on thinking how do i set money aside for my different purpose... which warrants a post on its own.
Action
Yoma. entered this counter on a breakout, however seems like the breakout did not continue the uptrend and it seems stuck and trading sideways or even head lower, so i decided to exit this position and find my pot of gold else where.
Spackman. I believe i have lost more money from my gains. and i need to take a disciplined approach when trading such counters. My entry was fuelled by my fear of missing out.... and as you can see the risks to reward was 1:1 and with commissions included, definitely a bad-planned trade. learn-learnt make plans before entry do not enter on impulse. not too badly burnt, but this was beginners mistake i have made.
Other Speculative Trades
GKE Looks like there will be some action soon, and hopefully it is bullish breakout, otherwise have to cut off position
Mermaid Maritime waiting for th triple top formation, the price is firming anchored above 20c... so it is a waiting game down here.
MM2 ASIA. New support established, and it will trade sideways for awhile before it breaks above the 52c region.... can hold and wait as we can see a lot of positivism in this position.
Sunmoonfood. still trading sides, but i am still bullish with this counter.. please see volume and see why :)
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