LONG
Entry Date: 21 Jan 09
Bought at $2.31
Exit Date: 5 Feb 10
Sold at $2.04
Trade ROI: -11.6%
Overall ROI: +200.31%
Why I trade?
- Price near Classical Support (Resistance turn support)
- Catching falling knife, risk big gain big. (End up lose big)
Takeaway:
1st of all, I broke my rules (Trade with no support of indicators and confirmation + catching of falling knife) because I am too confident on my past trading results.
I will never ever again try to catch a falling knife.
Trade with at least 2 indicators for confirmation.
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