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The former (#DKL) has been my worst trade of 2022 so far.

It was too big a position in a hugely illiquid stock.

I got complacent due to illiquid stocks rallying like crazy during 2020 and 2021.

I also..
Made the mistake of not cutting the lot once it went through my stop.

I should've sold the lot but again thought it might bounce back. It didn't and I ended up selling at worse prices.

One rule I didn't break was to make the mistake of averaging down..
Averaging down is a risky strategy and most traders (not investors) agree that throwing good capital after bad is a losing strategy.

Because of this, the losses are small relative to the account but this is needless P&L thrown away because I messed up.

What am I doing about it?
Read 5 tweets
Some excellent moves in the PF this week:

ST trades in each of #TRX and #XSG reduced, as they had increased so quickly (~150% and 66% respectively). Balances of positions to be held until ~2p for each stock, but will revise accordingly, keeping a close eye on momentum. 1/12
Two new modest ST trades opened yesterday PM, 200k shares in each: #CIR and #C4XD (both ~17.5p av. entry). Primarily capitalising on community's (and my) recent success in trading up Woodford/Invesco calamities (TRX and XSG!). Both now enjoy solid fundamentals - valuations...2/12
...much more attractive now, with both #CIR and #C4XD SPs having been decimated this year. Moreover, they now enjoy the backing of retail. Fundamentals combined with sentiment = crucial.

ST trade (but happy to hold as a LT investment) opened in #DKL too. Very cheap CPO biz..3/12
Read 12 tweets

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