NAK shot
Updated
I made a bunch of money with NAK on the ride up, then lost almost all of it on the crash down.
The crash (30% down in a day) really shook my emotions which hasn't happened in a while. As a result I traded in and out and gave up another $1000 or two in profits. At the top I was gloating about 250% 1-year returns, so I guess I deserved to lose it. Overall, it has steeled my trading discipline and taught me to be happy with my account no matter where it is. Emotional trading is absolutely dangerous.
Starting over. Long NAK (filled at 1.216) with this long tail at the daily 200ma. Stop below 200ma for now, looking for an oversold bounce to $1.6, then $1.9.
The crash (30% down in a day) really shook my emotions which hasn't happened in a while. As a result I traded in and out and gave up another $1000 or two in profits. At the top I was gloating about 250% 1-year returns, so I guess I deserved to lose it. Overall, it has steeled my trading discipline and taught me to be happy with my account no matter where it is. Emotional trading is absolutely dangerous.
Starting over. Long NAK (filled at 1.216) with this long tail at the daily 200ma. Stop below 200ma for now, looking for an oversold bounce to $1.6, then $1.9.
Trade active
I actually rode this slightly below the stop, it rallied and I sold at 1.46.I'm back in at 1.37 today, with a close stop (1.31).
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