Breakout Play 4: $TECH


Bought $TECH on August 16, 2017 because both fundamental and technical aspects are great. I even bought below its exit price at that time, which I rarely do, allowing me to allocate 100% of my capital. This had been my "anti-ghost month" stock (I had allocated so much time on preparing for the ghost month, I had searched and studied almost all the stocks in PSE) and, for the record, this was the longest time I held a stock. I sold it on September 27, 2017 because it fell below my exit price of 37.20/share.


I did not want to sell it since the fundamentals are still intact and the big 4 institutional investors are still buying. Now, it has gone way up.

Selling it was never a problem. Hitting the exit price does not mean completely ignoring the stock once it's sold. If it goes back up beyond the exit price, then it's a good time to buy again. The only problem is: me. I tend to ignore a stock once I've sold it. I saw it coming when I was about to sell $TECH. I knew I would be having a hard time buying it again. Even if it's shining like a diamond and shouting at me saying, "Buy me! I will make you rich, AF!" I still wouldn't give a rat's ass.

Not even this adorable beast.

Because of this attitude of mine, I lost a lot of money that I never had. I'm talking about my $MAC that I sold in order to buy $CDC. I did bought it back after I realized it was a big mistake, but still I wasn't comfortable buying what I already sold. I didn't held it for long, sold it for a small gain. $MAC never hit the exit price, since I first bought it. I'm doing my best to be better, to eliminate the bad habits, and most especially to excel in trading. The road that I took is hard, very hard. I know that acknowledging my faults and weaknesses is not enough. I have to change it and learn from it.

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