Wednesday, May 4, 2011

4th May 2011–When DBLE don’t get double up …..

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

9.35

 

 

 

Profit

1 Month & 2 Weeks

 

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

 

  1. Intraday support line is broken.
  2. Daily trend line also broken.
  3. Move the stop loss up and … of course it triggered.

 

Lesson Learnt:

 

  1. Actually my stop loss should be set at range of $9.50 - $9.75.
  2. Weekly chart still looks healthy. It is ok. We will get it back later.

 

Intraday Chart

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Historical Chart

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