Hooboy! NCP opened at 15.50 and hit a high of 15.70, just short of my 3% target. So do I dare hold until it has a down day?
Talking to some traders hanging around #ipchat, I’ll hold until it closes down.
Hope I’m not being too greedy, small gains saw me make 35% ROI over the last 100 days of 2001.
For clarification I’m not running some fund here, just a small trading stake to learn.
Why? 2.5% fall from previous peak close of 15.675 on 28 Dec 01.
The stock went up then down to close at 15.209. Last trade was 15.22. I feel pretty foolish but I don’t try to pick tops or bottoms. There are three potential exit strategies: sell for +2.5% (15.66); or +3% (15.74); or sell after it closes down. Successful traders pick one.
Welcome to WealthEsteem — dedicated to the Psychology of the Deal.
What does WealthEsteem mean to you?
These are my musings on wealth creation, written during the quest for my second fortune. If my ideas work, great! See you in Monaco sipping Cosmopolitans. If they don’t, it’s a map of my folly. Hoist a cool drink to my memory and imbibe responsibly.
For the record, I made my first fortune by the time I was 26 and lost it and more by the time I was 27. The details should emerge in the Diary as time goes on.
I may publish a monthly newsletter. Subscribe to it by sending an email to [redacted] with “subscribe wealthesteem” in the body.