Thursday 23 May 2019

Pinterest - Cut Loss



I must say it was an unlucky period for trading. Longed Pinterest the other night because of a cob in the 5 minute chart and the stock trended up all night and profits were escalating handsomely until the next day when the stock gap down on some bad earnings where the drop was 17%. I don't normally see news when I trade so when I saw that the earnings was about to release the next day, I should have taken my profits and not holding over night. Well, it was a painful loss and I should have taken more precaution instead. The market is extremely challenging now as the US-China trade tensions escalated to a whole new level. It's wise to trade with caution and I have no choice but to move on.

Ronald K - A Game Changer