Buy $ | Sell $ | Short $ | Cover $ | Stop Loss $ | Profit / Losses | Duration |
| 585.00 |
|
| 599.00 |
|
|
Reason for Buy / Sell / Short / Cover:
- After covered from short from previous two days, the price can hardly get up above the 50MA line in intraday chart.
- Price has gone down since it last reported its quarter announcement.
- More and more counters in my entire watch list are showing downturn.
- Price has breached the daily 50MA line.
- All secondary indicators in the daily chart are pointing downward.
Lesson Learnt:
- I actually shorted it at a much better price last week, but market came out with some good data in the next two days and market started to rally. AAPL share started to rally back and I decided to cover and watch from sideline.
- Actually the correct way is to set the stop loss somewhere above the 20MA line.
- Don't get panic again this time.
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