RE: EEE20 Nov 2023 22:08
@PortFolioPower, Yes deserve a slap ;), Just come back in from a walk....So had time reflect...
I started looking at Orr, decided to hold off..as it appeared quite after the NT to buy cleared..Poised :(
Then started looking at He1, as I did it was NT, so reduced my trade by half, got an offer, seen the price ticking up and bought without properly assessing.... looking back at the 1 min chart it gapped up to 4.5p as my 4.4p quote counted down, so thats why I probably bought.. So fair move...
Here is where I deserve 2 maybe 3 slaps
halving my order meant I needed sell at 4.6p, not 4.5p, increasing the risk while near the possible peak.. .4.5p was'nt worth considering.. So I did'nt re-assess my order size,..
Then I seen it suggest a fall and got a quote 4.35.. but decided to see if it would rise , probably nothing much lower went through during the 15 sec count down.. , BUT it had just bounced almost a penny out of the dip !
Then I decided to hold it, without much thought, and often it does'nt make that first peak again...
Next I bought again, the intended amount but off-loaded them at a £72 loss, they then bounced just enough to profit lol, before falling... But that was a better move as I picked them back up near the bottom, a lot cheaper..luck ..
If I did'nt hold the 1st, I would have sold at 4.4p(probably 4.3p), instead of now waiting to see how the week pans out, and that end of day dip put both trades at risk....but not selling gives a better average if the prices climbs
So some conflicts in strategy there, or is it being flexible if it pays off...