Hi folks (and Dooley), A trying day for me - almost all my...

  1. 2,392 Posts.
    Hi folks (and Dooley),

    A trying day for me - almost all my holdings down today.

    I like this image a lot:

    tradersimage.jpg

    ZMI - a good example of my breaking my own rules. I reckon I got what I deserved. Bought months ago at 1.5c and thought I'd hold for results. Rode the spike up to 2.8 and all the way down again. The only good thing I did was put a falling sell order at 1.5, so I got out with brokerage today. Could have been worse.
    Buying as a punt on results is fair enough, I think, but given my risk appetite, I *should* have protected my profits with a stop at about 2.4c.
    My lesson: if a spec I'm holding goes up 80% for no real reason other than hype, I'll set a stop a few pips below.
    Time to do some editing on my plan, I reckon.

    All the best for tomorrow
 
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