Tuesday, October 11, 2011

11th Oct 2011–A perfect Bull Trap !

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

134

 

 

 

Even

5 days

 

imagesReason for Buy / Sell / Sell Short / Buy Back:

 

  1. Stop loss triggered!

 

Lesson Learnt:

 

  1. Don't rush in when your holding stock gap up especially  after it has gone down so much. The bear camp might not be done yet.
  2. This is such a good example of Bull Trap !!!
  3. Looking at the intraday chart again, I should have move the stop loss much higher immediately after the gap at the opening.
  4. Picking bottom is always a risky business, stop loss is just too important.
  5. Should I go short next??!!

 

Intraday Chart

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Historical Chart

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