Bought Karex @ 2.40 on 6.5.2016
My plan was actually to cut loss at 2.35 and TP was 2.55. Went below 2.3 but did not cut loss, hit 2.5 (hit 200MA resistance) but did not take profit. Today black candle with high volume. Suspecting that the quarterly result may not be good, hence the drop... but as a trader (haha.. still a long way to go), maybe I shouldnt guess. I should just focus on charts...
A record of my lessons learned from losing money and hopefully when I have made enough mistakes, I can start to earn money from the market. Disclaimer: Everything I write here is my personal opinions/ experiences, not buy or sell call. Trade at your own risk!
Wednesday, May 25, 2016
Thursday, May 5, 2016
Trading Plan - Karex
Yesterday, I made my first trading plan on a stock that I like very much - Karex. I like it because I profited from trading it twice and also because it produces something which I believe will only get more and more important - condom!
So my plan was to buy it at 2.45 and sell it for 2.60 if I get lucky. Too bad, I woke up late today and when I watched it, it already went up to 2.49 I think. I was immediately put off as my reward is reduced significantly and at the same time, my risk increases (cutloss below 2.4) and my Risk-Reward Ratio will be as low as 1:1 if I chase at 2.49. Karex closed at 2.46. Very tempted to buy but did not do so. Shall watch and see how it goes tomorrow. I cant analyse it as something is wrong with the candlestick of Karex shown on Chart Nexus. I will post here..
I am pretty sure the day low is around 2.44. But why is the chart showing 1.9 something?
So my plan was to buy it at 2.45 and sell it for 2.60 if I get lucky. Too bad, I woke up late today and when I watched it, it already went up to 2.49 I think. I was immediately put off as my reward is reduced significantly and at the same time, my risk increases (cutloss below 2.4) and my Risk-Reward Ratio will be as low as 1:1 if I chase at 2.49. Karex closed at 2.46. Very tempted to buy but did not do so. Shall watch and see how it goes tomorrow. I cant analyse it as something is wrong with the candlestick of Karex shown on Chart Nexus. I will post here..
I am pretty sure the day low is around 2.44. But why is the chart showing 1.9 something?
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