BORN
Bought blindly on trend break, should only have held if price has trended up and made higher high after the breakout on the same day of the breakout. So it shows strength of the breakout + there's a safety net where price will be supported the next day. Should have had the stop tighter and get out when the consolidation above the breakout which had tried to create a high low got broken down.
AKAM
Entered prior day inside the tight consolidation. WRONG ENTRY. THE CORRECT STOP LOSS (PRIOR DAY'S CONSOLIDATION IN THE MORNING BEFORE THE BREAK) IS FAR FAR AWAY! WRONG RISK CONTROL & KEPT STOP LOSS TOO TIGHT & GOT WICKED OUT IN THE MORNING.
BAC
Bought when stock is still inside a consolidation. HOW THE HELL WOULD YOU KNOW IT'LL ABSOLVE TO THE UPSIDE YOU IDIOT! ALSO, YOU HAD BOUGHT A STOCK IN A WEAK SECTOR.
BIDU
SAME MISTAKE AS BORN. PRICE WAS WEAK SUBSEQUENT TO BREAKOUT ON BREAKOUT DAY. NEEDS TO CREATE A NEW HIGH ABOVE THE BREAKOUT AND CLOSE STRONG.
No comments:
Post a Comment