ANCOM 12 February

I have traded ANCOM 3x so far. Here is the trade I did and the winning position.

1. 17 September 2021 Entry at 1.76. Sold at 1.98. 12.5% Gain
2. 20 October 2021 Entry at 2.72. Sold at 2.81. 3.31% Gain.
3. 29 December 2021 Entry at 3.14. Sold at 3.18. 1.27% Gain

For position 1, it was my mistake to close position earlier. I need to learn to hold the position longer as the price is not showing reversal. Max correction is only around 10%. If I still hold, I would be holding 100% profit. It is not a solid breakout resistance line, it was tested 2 times and breakout with 8 mil/500k volume. This 2 criteria I took when I enter this trade. FA NPS and EPS is improving.

Lesson learn here : Learn how to hold when profitable

For position 2, It was not a solid entry, yes the volume quite high at that day, however it started to retrace right away. If i were to set 10% stop loss it would hit for sure. The timing for entry very important in this case. The entry was quite high risk as it just few days basing.

Lesson learn here : Wait for complete base formation and understand high risk of fast base entry. maybe consider low position

For position 3, the basing quite solid, eventhough the entry was a bit late. I was too scared of losing gain after good profit, the retrace was not even hit 5% but I already out. Next time need to follow rule properly. If I hold, i would still hold 12%.

Lesson learn here : 10% rule and really follow it. If entry earlier I would have not exit the position.

For this 3 trades, the counter was on my watchlist quite some time, I think my mistake here is not holding properly and scare the gain wipeout.