Posted by junkmaylbox on 9th of Jun 2009 at 06:22 pm
Well, losses happen. Checking an index stock for the group
before an entry is another good practice. XLF had reached its
target of 200MA by early May and was moving sideways. CNB was a
late starter, so it was a potentially risky trade. I would not put
too much money into such a trade, because it's a gamble. Any
misstep and I would have been out of it.
Honestly I don't have luck with financials myself: I lost more
than gained on them.
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Well, losses happen. Checking an
CNB
Posted by junkmaylbox on 9th of Jun 2009 at 06:22 pm
Well, losses happen. Checking an index stock for the group before an entry is another good practice. XLF had reached its target of 200MA by early May and was moving sideways. CNB was a late starter, so it was a potentially risky trade. I would not put too much money into such a trade, because it's a gamble. Any misstep and I would have been out of it.
Honestly I don't have luck with financials myself: I lost more than gained on them.