Friday, August 19, 2011

19th Aug 2011–Dissatisfy customer of CitiBank

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

28.45

 

 

 

Losses

4 days

 

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

 

  1. Market dropped badly 420 points.
  2. Citibank daily chart gapped down from its triangle consolidation pattern.

 

Lesson Learnt:

 

  1. Market turmoil might not end yet.
  2. Small amount entry did keep my losses minimum. Keep this practice until the market trend is properly setup.
  3. Make sure protect capital and ensure that $$ is available when the bull comes back in.

 

Intraday Chart

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Historical Chart

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