KO : Closed position at around breakeven
Closed the position for a profit of about 1.79% on the invested capital. However, I consider this trade only as a breakeven trade.
I took the initial entry when it was technically undervalued. However, later, the market shifted into bear mode and the pattern evolved. I added to the position, increasing the total holding to about 2.5% of the net capital, my maximum allocation for a particular stock.
Currently, the average price level does not inspire confidence to hold onto the stock. Thus, I decided to book profits and take the chips off the table. The upcoming recession worries and the overvaluation of the overall US market further confirm that this is the right move to protect capital.
The price did crash after I booked profits. I will consider re-entry only if the price returns to the low of the HTF parallel channel.
I took the initial entry when it was technically undervalued. However, later, the market shifted into bear mode and the pattern evolved. I added to the position, increasing the total holding to about 2.5% of the net capital, my maximum allocation for a particular stock.
Currently, the average price level does not inspire confidence to hold onto the stock. Thus, I decided to book profits and take the chips off the table. The upcoming recession worries and the overvaluation of the overall US market further confirm that this is the right move to protect capital.
The price did crash after I booked profits. I will consider re-entry only if the price returns to the low of the HTF parallel channel.
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Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.
Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.
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