Here are some reasons why traders missed the obvious in the chart:
Hope - sometimes false hope
Fear - all sorts
Greed - too much of this is deadly
Pride - nothing is too BIG nowadays
Trust - sometimes blindly
Rookie - even if you have been trading for 5 years
But a GOOD TRADER will never let this kind of experience bring them down...they pick theme selves up and move on to find another trade, this time it should be a good one.
The gravestone doji followed by a big red candle is already a huge reversal signal and should have already triggered a sell/cut loss.
If you are still holding DFNN you should ask yourself Why am I still holding DFNN and at what price would I sell?
The elusive double digit seems to be very far in the picture. One should analyze further the stories about DFNN (share swap priced at P15, battle for board seat, etc.) and how it is perceived by the trading participants.
Well for us, we sold at P7.95 (9% loss) earlier and buy back at P7.75 and posted to sell at P7.95 for a quick profit to recoup some losses but sell order was not hit. We're now bearish for DFNN but will closely monitor for a technical bounce.
It is very good to keep a trade journal for future reference...
