Hello everyone! I opened this position in January but things did not look like I expected. In spite of this FAST could give opportunity later.
Fastenal Company (FAST: NASDAQ) 2018.01.09 – 04.11.
Opening price: 55,7 USD
Opening date: 2018.01.09.
Cost of transaction: 0,6%
Closing price: 51,04 USD
Closing date: 2018.04.11.
Result of the trade: -9%
The time factor was the key factor. I should have closed this position one month earlier but I holded this one because there wasn’t any other better opportunity and I was very busy in that time. After reaching the bottom I closed it at market.
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