15th July 2011–Spent some $$ in MOToR City.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	7.32				Losses	9 Days

 

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

 

1. Stop loss triggered

 

Lesson Learnt:

 

1. I don't like what it is doing. Market was up at the beginning of the market, but this stock  keep going south.
2. I should have moved my stop loss to the break even point previously since the market is bearish. Quite a mistake.
3. From the intraday and daily chart you can see that it is really weak. However, long term weekly chart says that the rebound point can be pretty near. So keep an eye on this thing. Watch for its turning point again.

 

Intraday Chart

Historical Chart