The trade of Magna International Inc

Hello everyone! Magna seemed to be a big opportunity but…

Magna International Inc. (MGA: NYSE) 2018.09.05 – 2018.10.09.

Opening price: 53,3 USD
Opening date: 2018.09.05.
Cost of transaction: 0,6%
Closing price: 49,6 USD
Closing date: 2018.10.09.
Result of the trade: -6,8%

in spite of the great conditions the market was thinking otherwise. Actually now it is a good chance to a day trader but not to me who is a swing trader. The opening of the third candle was a confirmation to close Magna at market price.