Discover and read the best of Twitter Threads about #DKL
Most recents (2)
The former (#DKL) has been my worst trade of 2022 so far.
It was too big a position in a hugely illiquid stock.
I got complacent due to illiquid stocks rallying like crazy during 2020 and 2021.
I also..
It was too big a position in a hugely illiquid stock.
I got complacent due to illiquid stocks rallying like crazy during 2020 and 2021.
I also..
Made the mistake of not cutting the lot once it went through my stop.
I should've sold the lot but again thought it might bounce back. It didn't and I ended up selling at worse prices.
One rule I didn't break was to make the mistake of averaging down..
I should've sold the lot but again thought it might bounce back. It didn't and I ended up selling at worse prices.
One rule I didn't break was to make the mistake of averaging down..
Averaging down is a risky strategy and most traders (not investors) agree that throwing good capital after bad is a losing strategy.
Because of this, the losses are small relative to the account but this is needless P&L thrown away because I messed up.
What am I doing about it?
Because of this, the losses are small relative to the account but this is needless P&L thrown away because I messed up.
What am I doing about it?
Some excellent moves in the PF this week:
ST trades in each of #TRX and #XSG reduced, as they had increased so quickly (~150% and 66% respectively). Balances of positions to be held until ~2p for each stock, but will revise accordingly, keeping a close eye on momentum. 1/12
ST trades in each of #TRX and #XSG reduced, as they had increased so quickly (~150% and 66% respectively). Balances of positions to be held until ~2p for each stock, but will revise accordingly, keeping a close eye on momentum. 1/12
