to see a share (BA) that you have just sold yesterday, jumps today by 8%!
I had a plan and I stick with it so it could be the other way around but still it is very very annoying!
Hi all,
I bought last Thursday BA @ 132.1 and today I’ve sold it at 148.1 for quick 12% return. I am quiet please but of course it could be better. The share price closed today at 150 so I could do better. But I wanted to sell on the upper channel of the EMA 22 and yesterday it was 148 and this is where I placed my limit order.
And because I wasn’t in front the computer all the day I couldn’t see that the EMA has move up and so the channel to 152. In that case I would have change the limit order to 152 to follow the trend. But if it is a beginning of a trend I would buy it back when it touches the top EMA again.
The only problem is that my when I opened the trade my stop was at 120 and my first target was 144. Meaning 12 points risk and 12 points profit target or in other words 1:1 balance which is not good. 1:2 is much better. On the positive side I move the stop loss very quickly to a profit zone once the share went up so for most of the time it was risk free trade.
Hi all,
Yesterday BA plunged down 7.75% because of the new Swine flu treat. This is good news for investors who want to buy this share. It is going down heavily without real reason. Just fears. So what I am going to do is wait till Friday, hoping the share will go down more.
I guess by then the media will move to the next story and the Swine flu will be moved a side. Just remember what happened with the bird flu not long ago. The media loves to scare us, and as you can see with the airlines shares, people love to be scared.
Once you understand that you can make a lot of money from going against the trend.
I’ve bought yesterday another oil share – Royal Dutch Shell I am following this share for long time and I’ve told to myself that if it goes below £15 to I would buy it. And this is what has happened on Friday. I’ve bought it at 1482 for long investment.
The good thing about the current economic crices is that you can find good companies cheap. The way I see it is that we are not at the bottom yet but we are not so far from there. So I rather start and buy shares that I’ve wanted for long time in cheap price. Other companies that I am looking to buy are Tesco, Google, Microsoft, BA & BT. All of them are closing down to the price that I would consider buying them.
Royal Dutch Shell just did it on Friday and I am quite happy that they are now part of my protfolio.
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