Friday, January 21, 2011

21st Jan 2011 – My position in A

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

41.80

 

 

 

     

 

 

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

 

  1. Stop loss was hit

 

Lesson Learnt:

 

  1. Still a lot to learn on the stop loss setting.
  2. I set the stop loss slightly lower than the 20MA line and the price is within the previous range bound.
  3. My thinking was that if the price does cross this line, it SHOULD be loosing strength and continue to go down. So let's us see what happen in the next week or two.
  4. Yesterday's action shows that immediately shorting the stock will not be a good choice. The rebound volume seems to be much stronger.

 

Intraday Chart

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Historical Chart


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