Stocks are bought on expectations, not facts.

Last Minute Excitement

Ever since APM peaked at 0.10, I have been waiting for prices to rebound. I thought I lost my chance already the first time it retested 0.067 but when I saw the doji, coupled with the red candle in the 15-minute chart last October 10, I knew it needed some more time. Last Friday, I felt something was different. Not only was APM being bought up already, I saw that it was drying up near the 0.060 level. This was the low risk entry for APM. I admit, although I saw that the breakout above 0.061 was legit, I didn't buy APM just yet. I'm still rather slow in pulling the trigger. In short, I'm sooooo chicken. I thought APM needed some more confirmation. The thing is, when you wait for confirmation, your entry would be near the top. In APM's case last Friday, the confirmation came on breakout at 0.068. I bought there. Luckily, it was strong enough until the close and I was able to escape near the close. I sold 1/3 of my position at 0.071 but when I was it was a potential flag, I bought back on breakout again at 0.074. I sold that at 0.78 and the remaining 2/3 of my position (cost of 0.068) at 0.075. Phew! Pwede na. Next time, I need a better entry point. When the chart says it's a go, it's a go! If not, kambyo nalang. Hahaha! Moral of the story is...COURAGE! Trade what you see and not what you feel. ;) 


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