Friday, March 30, 2012

30th March 2012 – When your friend betray you… Run!

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

1.50

 

 

 

Profit

5 days

 

temp Reason for Buy / Sell / Short / Cover:

 

  1. Stop loss triggered

 

Lesson Learnt:

 

  1. Did not realize that the quarter earning announcement is coming.
  1. Great that I have moved the stop loss up to $1.50.
  1. Stop loss triggered on opening. This case have shown how important stop loss is.
  2. This case also shows that if you have a good entry point, it is much easier to rescue yourself from unexpected situation.
  3. Looking at the weekly chart pattern, it is definitely the chart patter that you might be looking and waiting for. However, things can turn sour in minutes.

 

Intraday Chart

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Historical Chart

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