Thanks for your input noirus. I read your post this morning just before the market opened so didn't have time to respond. I should have taken your advice about writing down my trading plan for the day. I put in a pre-market bid for Mesoblast at $4.10 which was a bit more than the "indicative price". I wanted to bid higher but commSec would not allow me as the bid was "too far away from the indicative price".
Well when the market opened I got the buy at $4.00 (for 500 shares), and I was so impressed with myself that I totally forgot the other part of my plan which was to immediately put in a conditional trailing sell order at $4.20. I remember yelling out to my wife at one stage "we just made $200!!!). Anyway after shooting up 10% it fell to $4.05 and as I waited for the second rise which never came, it went as low as $3.72. I was able to sell eventually at $3.89 at 2.46pm and limit my loss to $55 plus fees. I guess it could have been worse and unfortunately this little lesson in sticking to your plan came with the price of $55 plus fees. I'm only thankful I didn't invest more.
Well when the market opened I got the buy at $4.00 (for 500 shares), and I was so impressed with myself that I totally forgot the other part of my plan which was to immediately put in a conditional trailing sell order at $4.20. I remember yelling out to my wife at one stage "we just made $200!!!). Anyway after shooting up 10% it fell to $4.05 and as I waited for the second rise which never came, it went as low as $3.72. I was able to sell eventually at $3.89 at 2.46pm and limit my loss to $55 plus fees. I guess it could have been worse and unfortunately this little lesson in sticking to your plan came with the price of $55 plus fees. I'm only thankful I didn't invest more.
