Monday, September 17, 2018

Why Food is Lifer? part 4 in September

From my previous play last September 14, 2018. I decided to sell all my position in FOOD at the price of 1.15. It was a quick play conviction. I sold it because of it's consolidation stage where in the seller are almost equal from the buyer, psychologically thinking maybe it will drop until 1.09 to 1.12 price. 

I set my buying to 1.12 price. Then I got it! I don't have any plan to sell it earlier because of my full conviction once I bought this stock I will not sell it again until the Symmetrical Pattern break. In Fibonacci 23.6% at the price of 1.12 are still holding. I was thinking maybe it will reach it's previous high last September 9, 2016 at the price of 1.35 and September 13, 2016 at the price of 1.32.

One thing I've learned about trading is  "Don't focus on monetary value (money) focus on trade instead."

I haven't sell yet my position in FOOD stock because I'm having a fever this day. It's just the snapshot of my portfolio. I will wait until tomorrow let's see what the market say before I sell.  

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