@Dazedandconfused
My two stocks in a similar vein last year were CNB and PFT.
PFT first entry at 20, buying all the way up to almost 1.60, kept buying all the way down to around 90 then sold the lot in disgust for a large loss. Have not touched it since but keep watch.
Held CNB from 10 and was buying all the way up to nearly 60, last and biggest buy was 58.5, then kept buying all the way down. Sold for a small profit. Has recently had a new lease of life which I took advantage of properly this time having learnt from my prior mistake. Managed to hold a much smaller parcel now that owes me virtually nil.
These two stocks together became about 70% of my P/F at one stage before I even realised it and they both turned down around the same time. Two totally opposite industries. Was an expensive lesson.
This was before I knew to read the bars properly and was relying on MA's, RSI's etc. Have now learnt that PA is most important and that most indicators only follow the PA, not the other way around.
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