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/biz/ - Business & Finance

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>> No.24172868 [View]
File: 449 KB, 1663x952, BABA 1h 11-23-20.jpg [View same] [iqdb] [saucenao] [google]
24172868

>saw the BABA dump
>stayed away from it because the FA was bad with them criticizing the chinese govt and pissing off xinnie, also i don't trust chinese companies
>said "it will probably still wind up being a successful trade though based on my TA if you're DCA'ing"
>like clockwork, price just got back to my original entry point where i would sell half and move my stop loss up to break even, with a target of around 295 currently. i would have only bought 1 more position at a 5% drop, most it dropped was almost 8% but not quite 10% where i'd buy more if i were playing it. kinda wonder if i should start doing 3% instead considering that.

fuck i should have bought. i mean, would only be up 2.5% on the position as a whole right now but still would have been a successful trade over like 9 days, even in what i'd consider a very bad FA situation.

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