I Bought CTRP

As everyone can check on my trades page the 04 of September I opened a position on CTRP.

the Daily graph broke a good support, and I immediately opened a position without following one of the rules I have for my trades :

Rule : Always wait the end of the day to close a position and that the break out is confirmed with closing price.

Then what happened ?

After few minutes the price felt few down but what is worst for me, the break out (BO) was not confirmed at the end of the day. I immediately saw that it would happen, but I did not close the position. The following days, the stock started a strong down trend that is not yet finished.

And now I have some CTRP with about 23% of loss, and if my forecasts will be confirmed the loss will be even bigger.

That was the negative side of what happened.

You may ask yourself : There is also a positive side after a 23% (and maybe more) of loss in one month ?!

My answer is YES (even if i did not have to do that error).

Let me explain better, it is about stock picking.

I started 2 years ago buying some books on Value investing (the most important ones, The Intelligent Investor, Security Analysis, some of J. Greenblatt and some talking about W.Buffett.) and I start from here to do stock picking.

Rule : Always pick stocks with good fundamentals

I always select stocks with good ratios, good profitability, no (or few) debts and I put it on my stocks list.

The best would be they go undervalued and then with an eye on the current trend, I buy them. But this is not always possible.

So, which is the positive side of this loss of 23% (and maybe more) ?!?!?

The positive side is that for sure even if now I am loosing 23% (or more, cuz of that error) I will get my money back. I got stuck on this downtrend with some money, so I cannot invest that money in better trades, but for sure I will not loose it. I just have to wait... (let's hope not much).