Ouch another fall. Maybe I’m trying to learn Dollar Cost Averaging? I think it is not a good strategy for a trader.
The case for is at Motley Fool.
The case against is at Investopedia University.
Time for another foray. I think NCP has fallen enough to jump back in.
Nice profit for two weeks holding. For those who don’t want to work it out it is 6.48% before commissions.
I’ve been trading NCPDP and other stuff without much success over the last month (nor keeping a diary). I return to a stock I think I know something about. But my position size is scaled back to $10,000.
Glad to be out with a tiny profit. It will probably jump up a bit, but the trend is down.
It seemed too cheap.
Back from holidays and NCP is down again. So like a moth to flame I jump back in.
On holidays in Queensland and having a losing open position is stressing me. Sell so I can at least enjoy my holiday. Plus I can return and trade without waiting for my stocks to recover.
Stuff happened (in an earlier version of the website) and this diary was lost. I’ve rebuilt the trading history from my records (and a backup) but have don’t have all the reasoning. Often on the losing trades that follow there was a day or two when the sell target was reached, but I didn’t have the sell order in because I was too busy. Live and learn.
Stop loss set at $1.00. Had to learn that lesson sometime.