Bluescope Steel

I bought a small parcell of BSL.AX this morning at $2.26 per share.  I did a bit of research on BSL, and actually the outlook forward seems to be a little bleak (or so said the researchers and brokers). I'll give it a go, anyway, with a stop loss planned at 15% underneath purchase price.

Last Week of April

Over all, this week is a quite good week. I did make a few mistakes, however, when I sold few stocks prematurely. It was a good gain, nonetheless, but I could have let it stay for more profit.

I misjudge a few things this weeks, and I suppose it's a good lesson to take.

DYL, I sold a quarter of my holding at 0.23. I thought it was a good price, as I bought them at 0.099. So it was like 150% profit, but then the share price went up to 0.31!

GIR, I sold out at 0.55 (bought them at 0.365), but the next day, it went up to 0.60.

PNA, I set my buying price at 0.29, but when it down to 0.29, I was a bit unsure and thinking that I could get it cheaper tommorrow. It never looked back since then, and now is sitting at 0.34.

MOL, same story as PNA

SDL, I had a chance to buy it on offer at 0.08, but did not take it. It went up to 0.11 on the next three days.

Lessons:

1. Cut the loss, but let the profit go as much as it could.
2. Stick with your trading plan, as nobody knows what's in store in the morrow.