RE: Red Braces Brigade19 May 2020 14:49
V: OK, as important as the market (and MCRO and CCL opportunities in particular), it means little in comparison with domestic harmony (I had to move trading out of a common room). But all this means diddly squat in comparison with the much much more important and over riding factor....do you know what that is? Yes, you've got it, the happiness of your cat. If he is happy everything else will fall into place.
One gets tuned into a share, T knows several inside out, I think a few. You start to expect even maybe, know how they will move. It doesn't always do what you think but usually, you had a suspicion that something wasn't right. CCL is a volatile animal and it bites back. If you are long when it is deciding to go down, get out quick (I do, as when it goes down it goes an awful long way). The reverse is true too, few shares will I buy when they are already several percent up, CCL is one of them. It doesn't really fit with my style of trading as it needs to be watched as when it moves its fast and a big move.
It's one of those recovery shares (lots of them about at the moment) that have a sort of backstop. If you get caught with a holding and the price is much lower, don't panic because the price will return even if it takes months but in fact it will probably take a couple of weeks at most. OK, you lose the trading power of some money for a while. This is why I advocate trading in tranches, it eases such situations at a cost of some profit that you may have made on a big tranche. I can't talk however as just last week I lost 11% on CCL by taking my eye off the ball and then selling(realising the loss). The reason is I saw another opportunity and needed the money quick. I could have held the CCL till they recovery about 4 trading days later, in fact that would have been the more profitable root.
Good Luck
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