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| Wednesday, January 17, 2007 |
| Cosco Corp |
Sold CoscoCorp as stopper price of 2.7 is hit. Sold at 2.71 though.
22% returns upon sales.
I realise a few mistakes in my trading system.
1) Executing intra-day trades isn't a good idea. Even though it did hit the stopper, at the end of the day it manage to rebound. Maybe trading decision should be decided at the end of the day. But would that be too late?
2) I failed to fully recognise a change in primary trend. A trend reversal is evident if the subsequent peak failed to increase higher than the previous one and its trough behaving likewise as well.
So which should take higher priority? The stopper price? or the trend reversal signals? Maybe I should focus more on the stopper price. Its more to lose money than to earn less.. ha.. I will review it again in due time.Labels: CoscoCorp |
posted by Nenix @ 7:32 PM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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