So let us just see what happens tomorrow. If at 9:30am, the price is lower than the open, most probably I will cut. But if there are signs of a bullish reversal, I stay.
This title came about when I stumble upon a book: 'The Clipper Ship Strategy: For Success in Your Career, Business and Investments' by Richard Maybury. I am an automated forex trader and strategy programmer. Yes I trade my own forex strategy written by myself from scratch. I also trade the Singapore stock market occasionally when the opportunity presents itself. This blog hopes to educate traders not investors.
Thursday, August 20, 2009
Bought Wilmar
..at 6.28, my waiting bid, and ended at 6.09 at the end of the day. Oh well, let us see how it fares tomorrow. Maybe I should buy once it hit 6.34 instead, but then I chose to be aggressive and let the bid stay. I do not regret it. The risk is acceptable to me. I did not cut my loss immediately upon 6.18 because I want to see that price level being accepted.
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