C
📉 Citigroup was sold after breaking its bullish channel structure, triggering a predefined sell signal.
💸 The position was closed at a loss (estimated -10% to -15%), demonstrating the importance of accepting losses in trading.
🛡️ Selling promptly avoided a much larger potential loss, as the stock continued to fall significantly (-20% to -25%) shortly after the exit.
@ClaveBursatilTV:
“Look at the sales, so you can see the beatings we took. Citigroup. Well, we went out to sell it on Thursday here. Why? Because it broke this bullish channel, and it wasn’t ready to be sold before because we had all the moving averages as support. On Thursday, it opened with this beating, I mean, on Thursday it fell -1%, and well, we exited at a loss. I don’t know how much we sold it for, but minus 10, minus 15, we must have sold it for. Sure, but if you didn’t sell it here, the next day, how much were you down? You were directly down -25%. Look, minus twenty-something, right? So that’s why you have to cut losses. In fact, if someone, we didn’t do it, but if someone sold here and bought back down here, with the same money, they bought much more CEDEAR than before, which means you have a better position than you had. That’s why you have to apply stop losses, and you have to accept that in the market, you will exit at a loss many times, but this is to improve your position for the immediate future. Meaning, if you stay bought, it gets worse and worse. So you have to cut it to have the liquidity and go out to buy better deals.”
Watch the exact part of the video where @ClaveBursatilTV talks about Citigroup here:
Watch the video on YouTube
Read more articles analyzing Citigroup (C) at the following link. C stock.
