Tuesday, March 22, 2011

22nd March 2011–When your DEER turns into DEVIL

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

 

 

 

Set at 10.96

Managed to sell at 11.01

;-(

2 months 1 week

 

imageReason for Buy / Sell / Sell Short / Buy Back:

 

  1. Stop loss triggered.

 

Lesson Learnt:

 

  1. Stop loss safe me from the big crash just one week ahead of the crash.
  2. Holding on to a stock that was basically not moving is a very dangerous thing.
  3. I was lucky that a spike that came down to my stop loss got me out of it (with the help of my stop loss).
  4. This trade has again proved the importance of stop loss.

 

Intraday Chart

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Historical Chart

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