Genesis Healthcare
Genesis Healthcare

March 9, 2018: I picked up 5500 shares of GEN 1.52 -0.34 -18.28% on 16 Feb when it meant my technical analysis criteria on the 30m chart for a swing trade.  It should have been a more profitable swing trade but I let greed get in the way of my technical analysis.  I say it was greed but sleep also came into play here.

Since I live in S. Korea the market opens at 2330 for me.  Thankfully daylight savings is coming to an end!  So, after a full day of work from 0630-1700 sometimes I’m too smoked to babysit a slow trade like $GEN and I let it ride.  I shouldn’t have done that this time because before I hit the sack on 21 Feb $GEN crossed some key technical analysis levels that would usually trigger me to sell.

Moral of the story; don’t fight your lifestyle when you’re trading and never let greed prevail if you meet your profit targets!  You don’t have to crush every trade.

GEN

Stephen

Active duty Air Force, day trader and online marketer. Check out my Trading Resources page to see what I use for my stock charting platform, intraday stock screener and more!

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