Wednesday, November 3, 2010

3rd Nov 2010 – My car battery leaks…

oil Input:

 

  1. This is a GOOD example of my good control in stop loss.

 

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

 

9.50

 

 

 

 

 

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

 

  1. Stop loss was hit at $9.50
  2. Intraday chart seems to indicate a break of all the lines that I had. Think NO MORE!
  3. Daily chart also shows a lot of weakness. Looks like the breakout of the triangle cannot sustain.

 

Lesson Learnt:

 

  1. Good decision as far as NOW is concerned.
  2. We will get it back later (maybe)...

 

Intraday Chart

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Historical Chart

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