Monday, 22 September 2014

Putting my eggs in one basket

While scanning my portfolio, I noticed that HLF had gone down further in share price. But I only had 5 contracts in them and the profit for the risk wasn't scaling and couldn't scale to other potentials out there. Such as BBRY, which has the potential to easily double or triple my investment. So I sold my contracts in HLF, which I think is going to continue its downtrend and decided to buy more contracts in BBRY. I have added 120 more contracts to my existing 300 contracts with the exit point still being set at $10 a share.

I do understand that this is a very large gamble I am taking but based on the possible reward for the amount of risk as well as my analysis which puts the company heading up in the nearby future, I decided to take this risk.

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