S speeding Driver

SentinelOne (S) is a stock we traded from early June this year and actually got a very good entry - and added a compound a few weeks later (which was also well placed).

We have several stocks in cybersecurity so our research meant we were confident in the long-term growth of the industry.

S, however, is not yet a profitable business - so we wanted to see our positions go quickly into profit.

This would enable us to hold while we waited for the fundamentals to catch up with price.

It was important for us not to let the trade turn into a loser and, unfortunately, that meant our stop was fairly tight. It was triggered by just a few cents - before then moving on up about 80% without us.

• Our analysis was good.

• Our timing was good. 

• The trade was good.

We were just unfortunate with the management.

That meant we ended up with a minor profit but, as a result, missed a bigger one.

Not every trade will be a winner - we expect and accept that.

However, the frustration of missing a winner (after having been in the trade) is harder to accept - but something we've learnt to internally process as part and parcel of trading.

On a more positive note, we do have other stocks - with better fundamentals - in cybersecurity which have been great performers for us. 

But no one likes to be on the sidelines as they watch "the one that got away"!

Anne Chapman
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Let's go trade!