8th Jan 2011 – Classic failure of a flag.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	1.01					4 months

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. The price gap down heavily at market open.
2. Trigger beyond my stop loss point.

 

Lesson Learnt:

 

1. Gap down too fast and went beyond my stop loss.
2. My low entry point gave me enough room to exit properly.
3. I was lucky that I did not top up on this counter which I was thinking about because the triangle formed is fantastic.
4. Wasted about 4 months time of waiting. If I invested on other stock, I could have make more $$. Opportunity cost.
5. I think I should avoid myself from these type of stock.

 

 

Intraday Chart

Historical Chart