RXP case doubting the fundamentals as a substantial holder is offloading, share price is lingering and I can't justify why it is remaining/struggling at these levels with recruitment increasing and guidance confirming continued growth. I'm also doubting my technical analysis as I flick through charts every night becoming one big bundle of frustration at finding pieces of wyckoff but not being able to string it together.
This then brings me to doubting where I want to be involved and my trading plan. Do I want to give up and buy a couple of blue chips with healthy dividends in the Top200? I know I want to be more active as I enjoy trading, but I'm not overly successful and it has been very time consuming of late learning new skills. Depending on time of day and mood, it changes from scalping, buying and holding, buying holding and scalping. I know I need to work on my patience.
An approach that made sense to me was to identify breakouts which I find relatively easy to identify that then test the resistance. I understand that wyckoff works best in an uptrending market.
On a side note, PHK a chart I posted here earlier, I believe an appropriate entry was 15.5 with a stop loss at 14.5. This wasn't officially paper traded as I felt it was a bit risky and not where I want to be trading.
