4th May 2011–It is time to PAY tuition fees again!

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	51.11				Loss	7 days

 

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

 

1. Cut loss triggered.

 

Lesson Learnt:

 

1. It actually went down till $49.00.
2. My stop loss is somewhere below the 50MA line. So if it still breaks through, all stop loss rules have to be executed.
3. The drop was very fast, I don’t even have chance to try to sell earlier than before it strike my stop loss.
4. Intraday support line of course broken.

 

Intraday Chart

Historical Chart