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Trading Report Card – Oct 09
By Dr Wealth  •  November 6, 2009
[caption id="attachment_2604" align="alignright" width="150" caption="Photo by Hythe Eye"]Photo by Hythe Eye[/caption] The market has been consolidating for a long time. The last good trend was in Aug 09. Even the STI was able to break the 2700 barrier, it could not propel itself to greater heights. This just goes to show the weakness of the bull. It was a month where I was very stringent with the rules. I only went in those trades that have the best signals. Unfortunately, I have to accept what the market decides to do. Compared to the past few months, I only opened 2 counters. The first 2 counters in the table were carried from last month. I applied the stop loss a little differently for this time. This is because of the tight trading ranges of the stocks – the resistance and support are very close together. If I had put the stop loss just below the support, I would have been stopped out earlier. Hence, I drew the Fibonacci and selected the level that is immediately below the support, which gave me a bit more room for the price to fluctuate. However, I did not violate the rules because the stop loss is still less than the maximum 8% tolerance. This would give me a better chance to stay in the game and wait for the run. Read more...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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