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My best and "devastatingly abysmal" worst trade
TX DEC 18
You have to go some way to have a "devastatingly abysmal" trade but that's what haunts H20 Markets' Michael Jarman. Luckily, he's had his triumphs too in 2013.
Jarman’s best play was on Apple, right before the launch of the new iPhone 5c. He placed a buy on the stock at USD 435 anticipating that the company would release a cheaper iPhone ready for the Chinese market , the sixth largest in the world. In September Apple released the iPhone 5c, and sold 9 million units of the iPhone 5s and iPhone 5c, driving the stock’s price up to USD 562; leaving Jarman with a 35 percent return.
Another favorite trade in 2013 for Jarman involved buying the FTSE on a correction. After making the call on the trade too early, he continued to follow the FTSE and finally caught the right moment to implement his trade, which returned a 7 percent profit.
Jarman’s least favorite trade of the year involves another high-profile stock, Facebook. He invested in the company before they announced their outstanding performance in terms of ad generated revenue. The stock price soared by 30 percent and Jarman exited the trade, since exiting the stock has continued to rise to 90 percent. Which is why, Jarman has dubbed this trade “the one that got away.”
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02:35 minutes
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