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Sutre,
Like you I have CWV, CYH, and ITH, just about to make a step in CRX, order stop buy above 23.5p still active.
If your colour is red, I don't bother to call my today. But to be honest I must add "if I only calculate what happened in the last fews days" . Who bought at beginning of last week 13p, has had surely felt enough sorrow between 13p on Mo and 17.5p on last Friday, but still sit on comfortable profit now. even it is the 4th day, CWV has closed lower than open, as momentum has pointed out. Some of us are in this stock since quite long times, it is us who see more potential lately in CWV, CYH, ITH, YOO and have topped up, it is exactly here after the topping up where we worrying about seeing red. None of us like to see red, but patient, careful research and trust in our decision are good compagnions in trading, in time like this week and in previous short crisises recently, they are quite relevant, helpful.
TA, indications helping us when to entry, but trading is depend more on market sentiment then other facts imo. It helps to know that there are potential, new contract & market will open for CWV, to have good facts about their financial situation, but after all, if all of us show it the cold shoulder, no way CWV can make money, institutional won't bother look at it, and CWV would no way be great at all.
So let see clearly what has brought CWV to the state today? Is it solely good TA indication, is it solely good fundamental facts, or because demand\buying overweight supply\selling? What causes and influences what first? In "bad time" like this morning what should be our helper in making decision firstly? Is it TA sell indicator , is it new fundamental facts ... I think no one can really answer this question. It is usually more convenience to take what ever fits the very short term situation to explain to OURSELVE ONLY why we do sell,hold or buy.
As Momentum has stated a point down would cost you 3k, then look at the side that if it is up one point sooner, U would be 3k better, plus theoretically not regretting the lost by spread, commision, stamp duty, and the sweat, the andrenalin push when you have to make decision to come back in again ... You must be very disciplin at your momentum trading and has 100% trust in your trading system to react solely on buy\sell indicator, I don't think I can, and I think most of our traders won't, regardless what trading system U use, there is always a voice coming from the darkest corner of your mind telling you don't believe it why the rise what other say about the drop is that right, can not trust this buy\sell signal, ... until you see profit, youre happy and fogive everything, then the suffering cycle begin again. IMO, Profit won't come from TA, or fundamental or one good recommendation, it comes from people who stands with a stock, can provide good consistent explanations, giving clear reasonable trustworthy comments like Sue, Game_Boy, Opthamist, and many others who hasn't backed down or has enough experience to fight back when MM doing treeshaking. A big thank to Sue particularly here for your consistency. But my innerst, very quiet thank as well to colleagues who see the potential in this share, and have stand by it until now, and especially in very worst times for example when without any reason MM dropped price nearly 13% for 2min, what was last weeks.
I was in CRX with 6p out at 9p, very hard to make decision to buy again at 9p, saw it went 9, then 10p then in at 11p out at 10p, then in at 12 and out 15p and each time was harder emotional to get in, so i did regret. On the one hand U know there is something with that product good in the future, on the other hand your trust in your own decision making was shaken, and faith became less and less stable with the more higher the price reachs, paradox but it is what happen to me, I have to admit.
If one had enough patience, heart of platinum one would buy at 6p, would suffer only one time commision and spread, and one would be still there today at 22p, a 250% rise in profit.
Knowing the paradox & the complex of TA-Fundament-Signal-profit since longtime but I did try to grasp every thing I knew TA, signal, fundamental, other opinion to explain my sells decision, convenience you can call it. However, the MOST strangly thing is that today if I buy and I want too very much, the reason I want to be in CRX is the same as I was at 6p! That is why trading is so funny tragic sometime ... I just haven't got the heart of steel.
Sure you can do momentum trading here, but you need a heart of steel to pack yourself together to buy again after you cut small loss to protect your profit. I for once I try NOT to repeat the mistake at CRX too often, NOT AGAIN in CWV, in ITH, CYH.
Be aware that even when 20p come tomorrow, your life will be not easier, an army of special traders will be here soon, as Sue mentioned already, the sooner and the higher CWV rise, the harder will be for us not to make mistake, to be patient, the harder to stay calm or try to make sense of any thing... Is the bad TA signal which triggers the sell or the sell causes the bad TA signal, is the bad mood causes the drop, or because the drop influences the bad mood ....
Which end would you grasp now for not regretting later. In most cases happen to me if I was more patient, more confident in my purchases I would have not let go a lot ofgood wining opportunities, definitely would lose less to trading cost, spread etc.
PS: sorry to all for the length of this post