Trading is not always a gain. It can give you a smile (gain), a scratch on your head (break even) or a sad face (loss). Never think that it is always grab of winnings. Because if you have that mentallity, you'll see yourself losing more rather than gaining.
Saturday, October 27, 2012
ORE broke its support
Watch out for this stock. ORE has finally broke its support level. Similarly to what happened to other mining company, ORE has been hardly beaten by the executive order for mining industry released months ago. I still have some shares of this stock but I am willing to let go of it even if it is a loss for me. It has reached my stop loss price, a rule in trading that you SHOULD and MUST have. My stop loss price is usually 4 - 5% below the price of the stock I bought.
Trading is not always a gain. It can give you a smile (gain), a scratch on your head (break even) or a sad face (loss). Never think that it is always grab of winnings. Because if you have that mentallity, you'll see yourself losing more rather than gaining.
Trading is not always a gain. It can give you a smile (gain), a scratch on your head (break even) or a sad face (loss). Never think that it is always grab of winnings. Because if you have that mentallity, you'll see yourself losing more rather than gaining.
Labels:
ORE,
Technical Analysis
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