XAO 0.27% 8,586.9 all ordinaries

Sounds like a tough day. I ended up 1.3% overall. One third were...

  1. 266 Posts.
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    Sounds like a tough day. I ended up 1.3% overall. One third were red, one third were green, and one third were flat. Red is not necessarily bad. Some red days are very healthy - used to get rid of all the loose hands, to allow an upmove with little resistance. The trick is knowing the difference. Easy to say ,but hard to do. Look at how the share has been performing prior to this red day. Has there been prior aggressive buying or selling? The red day is either genuine selling - or stop losses triggered , to accumulate. Where in the cycle is it? The share will still be in that same stage , even with a nasty red day, as long as a huge amount of volume hasn't changed hands. Anyway lets hope that tomorrow this red day that I feel good about right now ( on one third of my shares), proves to be a correct assessment. And if not -tough day for me tomorrow. You live - and hopefully learn.
 
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