I trade longer term mechanical trading systems exclusively on the ASX. I rarely look at daily charts and the systems are built using weekly timeframes. The information in this site is based on actual trades in real portfolios. I don't trade using margin or any sort of leverage. I mainly use Amibroker for system testing and trade monitoring. I am not selling anything. This is just a journal to record where I have been and, just maybe, where I am going.
Friday, February 20, 2009
Failure to act
I have really beat myself up on a failure to act on a sell signal.
I have used the excuse that I sold most of them so it's not such a big deal. But I am far from perfect – I stuffed up. It's easy to see the mistakes others make, but it's harder to accept failure in oneself.
I sold 2/3rds of BKN way back in September 09 when the signal was given for an average price of $9, but there was a part of the order just sitting there at the end of the week. I am out now for a substantial loss.
I guess I learned something. Experience can be the worst way to learn, but maybe sometimes it's the only way. Maybe someone will learn from my mistakes.
stevo
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