Introduction
It is my long term investment on SABR stock. But the volatility is so high and I could not figure out how to avoid more loss. I sold 490 shares of SABR this morning, and then I tried to purchase back before market close. But it did not go down.
My transaction
My loss is $785.00 dollars. I should not sell 490 share on June 19, 2020. I have invested total 4889.90 dollars on June 6 and June 18 two days.
I cannot predict that the market will have a big drop very soon. So I take some precautions and then hold the cash for low price to get in.
The loss is 16.05%.
(close - open)/ open
June 1, 2020 7.45%
June 2, 2020 -0.26%
June 3, 2020 9.34%
June 4
I should also add one more column - (open - previous day close) / previous day close. In other words, I need to count the premarket increase.
I should set up purchase 8.00 dollars for 500 shares just after the sale, and then I can sell at the end of business day around $8.50 dollars.
I sold around 10:00 AM ( 7:00 PM pacific time) 600 shares at 8.20, but I should purchase back around 8:30 AM PST at price 8.00, and then sell 600 share around 1:00 PM PST to make profit 0.70 * 600 shares = $420, so my loss will be around $300 dollars.
Actionable Items
- Go to bed early around 9:00 AM;
- Get up early around 6:00 AM
- Start to work on research on market and read the article as well
- Compare SABR and Trip, they are matching same trend. 9:30 AM - 12 PM EST go up and then down, after that Trip 10% up, SABR 5% up
- Understand $5000 US dollars, the value of my investment. I have to fully use the power of fund to do investment
- Build a habit to work from 6:30 AM to 9:00 AM on market research.
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