InvestorsHub Logo
Followers 0
Posts 36
Boards Moderated 0
Alias Born 07/05/2017

Re: soroi post# 114006

Wednesday, 07/05/2017 10:03:17 AM

Wednesday, July 05, 2017 10:03:17 AM

Post# of 163716

No way, who sells at anything under 10$?



Well, I did.
First time I bought this over 9$, but also sold relatively soon after stock price went under 8$.
There were 2 main reasons for selling:
1. I have stop-loss rules, and I follow them to avoid massive lossess.
2. Tecnical analysis was really worrying me, it seemed that SIAF share is going to go down.

I decided to wait until comes news to buy or when technical analysis shows me good place to come in later and possible cheaper.

I intensively followed the stock for some time, but forgot it later. Until I rememberd it again about 2 months ago.
Today this is heavely over sold, and I came back in.
If this is going down under 1.5$ and my stop-loss rules are going to tell me to sell, then I'm going to sell again, and wait for new place to buy.

This time I bought Siaf:s from merkur, Oslo.

I have become very careful with my rules, cause 7 years ago I lost massive amount of money with just being stupidly stubborn, thinking that "it will come up again". Well it did not. Market was more wise than I.
When you burn your fingers first time, you learn to be careful.




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.