ChinaAoil

Posted On 4:37 AM by Ng Leong Yee |



LONG

Entry Date: 25 May 09
Bought at $1.27

Exit Date: 13 June 09
Sold at $1.12

Trade ROI: -11.81%
Overall ROI: +10.90%

Why I trade?

  1. MACD 4r1g
  2. Price breakout with high volume

Takeaway:
It was a false breakout and I refused to sell. Using my HOPE analysis hoping that it would rise and also because it hover around the resistance *turn* support level.
Afterall, I stick to my strict cut loss level and exit with a lost of 4%

When breakout failed, don't your waste time and money on that counter. Cut loss and make good use of your money in other counters. Trading breakout is very high risk so do not use HOPE analysis.

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