Lost to $PNX twice.
Lost to $BRN big time.
Lost to $CPM.
I also had few losing trades on the sides.
Now, I'm sharing my recent trade. I don't know if I can consider this a 'win'.
For me, this trade is a loss.
I was supposed to be on a trading ban last week. But since I traded $CEI, I disobeyed the rules.
Got suspended in one of my mentoring class.
I admit, it was clearly my fault. Apologies to my mentor.
I admit, it was clearly my fault. Apologies to my mentor.
Lesson:
Learn to be reliable and a person of integrity by being disciplined and by simply following/obeying the rules.
In the world of stock market, it can cause a LOT more danger when rules are not followed.
Learn to be reliable and a person of integrity by being disciplined and by simply following/obeying the rules.
In the world of stock market, it can cause a LOT more danger when rules are not followed.
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$CEI Trade. Aug 16 to Aug 22, 2017. 3 trading days hold. +9.83% gain. |
- AOTS all timeframe
- ATH breakout
- RSI 70 breakout all timeframe
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$CEI 3-month Daily Chart |
- Plotted ATH resistance at 0.225, this was the high on Aug 8, 2017. Prior to that, the previous' ATH resistance was registered at 0.220 way back March 1997.
- Plotted another area of resistance at 0.215, the opening body of Aug 8 2017 candle.
a. Wed Aug 16, there was a breakout at the body resistance. Bought at this day at 0.216 and 0.217. Price closed at the day's high 0.227, above the #1 resistance, making it the new ATH.$CEI Buying Transaction - Fri Aug 18 was still very tricky. It opened at 0.220, 2 ticks higher than previous day's close. It only registered the low at 0.218, then breakout happened. I made another buy at 0.230, after breakout of 0.228 ATH resistance. Price closed strong at 0.255, +16% move that day. I placed a trail stop at this day's close.
- Mon Aug 21 was a Holiday.
Tues Aug 22, price opened at 0.250, lower than previous candle's close. It peaked at 0.270, then went down again. When the price was trading lower than 0.255, I executed my plan and sold my positions.
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$CEI Selling Transaction |
There. Sold positions and prohibiting myself from trading.
Will now observe trading ban until further notice. Need to re-evaluate things outside the market.
More to follow.
More to follow.