Saturday, July 18, 2009

Golden Agri - 2009-07-16 and 2009-07-27

Golden Agri was sold off at 0.335 on 16th July for a quick profit after a friend told of the potential sell down in the market.

Again, this is another poor decision. This is selling out of fear and there is no solid reason. The counter did not show any sign of weakness. It did not hit stop loss point. The counter still show bullish signs technically. Fear of losing overrides fear of not winning more.

After realizing the mistake, the counter was bought back again at the same price on 17th July.

Important Rule: Trading is a lone game (Jesse Livermore, Turtle Traders). Do not discuss your trade with other people.

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I'd like to share my experiences and knowledge about healthy and happy living as well as mid-life crisis. 不以物喜,不以己悲。