New Position: $STLD Trade #100

It has been 1,336 days since the last voyage with $STLD. While sitting at the dock, $STLD hit an all-time High Tide of $52.10 on May 17, 2018 but it has also receded to $28.91 since then so a positive return wasn't a sure thing (never is).

This is another classic example of avoiding the "what could have been" psychology as knowing we returned to port (sold a stock) for a modest gain that ended up tripling in price within 968 days after buying it can be quite frustrating. In this case, the $STLD winds just kept blowing and blowing in the same direction and I chose not to chase it.

I have got to have the right temperament if I want sail around the ocean competing for returns. I could have just as easily regretted setting sail (purchasing $STLD) in the high $30s or low $40s during that same time. It's easy to play Monday Morning Quarterback and second guess every decision after things happen. But every trade is unique with different timing, tides, prices, conditions, economy, politics and more.

Is now the right entry point? I have to trust my research and preparation and see where seas and weather will take me.

Trade Rank: 2

Average Daily Price Range: $1.01

Prior $STLD Low Tides:
  • December 27, 2018: $28.91
  • October 26, 2018: $38.12
Trading Tide Levels:
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This is for informational purposes only and the information provided does not encompass all possible or probable outcomes and nothing posted here is an indication of future results. Nothing in this blog is a guarantee or promise of future investment returns and investing in stocks or bonds carries risks including losing your entire investment. I do not recommend, advocate or endorse any third-party links, resources or advertisements of any kind. Any investment decisions are recommended to be in conjunction with a Certified Financial Planner, a comprehensive and personal financial plan and all other components that make up your own financial situation.

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