I think other posters should read what CEO has posted. He has managed to strike a good balance between value investing and momentum investing. In my opinion, only an investor who has more than 10 years of investing experience would be able to do that. CEO is daring enough to hold on to good companies during temporary stormy times (and not selling them at trashy prices). He is also skillful enough to sell when the momentum is exhausted.
CEO, you said that you have another buy order on Senex at 30c. I hope that you have got it today. For myself, I queue at $0.295, and luckily I got it too !! It's not that I have foreseen that the price would fall to $0.295. Since the rebound on Dec18, the entire market uptrend has looked a bit exhausted. Then, I saw Beach Energy being sold down 10% on last Friday. I figured that the next would happen to Senex since Senex and Beach are the ones in the O&G sector that traders particularly like to play on during downtrends. So, I was just trying my luck queuing at a 10% down price (vs previous close), that's all.
Yes, CEO, something to ask, if you don't mind. You said that "Once I know I'm in selling mode, I'll use the PSAR flipping to a Sell as the Stop, so I'm locking in certain amount of profit, not neccessarily selling at the absolute top, but at least letting it run so I'm selling on way down not on way up". So, why would you want to sell on the way down but not the way up as we normally do? Another thing is that why do you use PSAR? Is it more effective than RSI, stochastic or MACD for the same purpose? If yes, in what ways?
Yes, of course, thanks for your post. I'm sure myself and other posters have learnt something. If I have any new analysis on Senex, I will share them too.
SXY Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held