Tuesday, November 13, 2012

Let's C how deep is you dive

Support is broken! This is one example of cutloss descipline I learned from trading. I bought it at 1.10 and set 1.08 as my cut loss. My sell point is not that much, 1.18 since LC is generally down trend. It reached 1.13 level but immediately gets exhausted and went down. The price reached 1.08 and I have to say good bye. A day in trading that is not really for me.

Was it a good move?

I guess so. Look at the current price.

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