First profit target at around $3.3 has been achieved to my surprise within such a short period of time due to the sudden plunge of the Dow Jones Industrial Average along with the Straits Times Index. Inverted hammer with a extremely unusual long wick formed that tested $3.3 as a resistance level. I will be covering the short if it breaches $3.3 again.
Saw 10% profit went up in smoke. Should have took profit knowing that the steep plunge was unsustainable.
Shorting SembMar on market opening of Thursday, 4th September 2008.
Filled at $3.51
Covering SembMar on market opening of Thursday, 8th September 2008
Filled at $3.49
Percentage profit with commission at 0.2%.
SembMar on 8th September 2008
SembMar on 5th September 2008
SembMar on 3rd September 2008
Saturday, September 6, 2008
Paper Trade of SembMar
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2 comments:
paper trading is good as long as you don't overdo it. Otherwise interesting and informative post
While i was reading you blog i just liked few points very much. Though i know about trades but not more than you.
Keep posting more.
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