SWM 0.00% 15.0¢ seven west media limited

Ann: Presentation of Half Year Results, page-63

  1. 8,670 Posts.
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    Well, my last holding was at .66c which I traded in and out to 80c locking 30k profit.

    had I not traded and sold all at .79 would have made 45k. I'm ok with the 30k locked in

    now here's the lesson, the bitch has today gone back to .665. so there was no need to trade but rather sell at .79 for full 45k profit, step back & watch the sell off on news to .665 and wait, start again .

    reconsidering my strategy as now down 40k on paper. I'm willing to hold 6 months but I'm not happy with how I did it !!

    the market swm does this constantly so now I change my strategy, hold long sell high and wait for the predictable retrace like we are having now

    incredibly annoying, yes i have my profit in the holding but now totally unrealised and gone on paper

    my rant-

    lessonssssss!
 
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