Week 34 - A Losing Trade x $CEI Trade Dissection

August was not a good trading month for me. A lot of experiences to remember and learn. 

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.

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. 

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$CEI Trade. Aug 16 to Aug 22, 2017. 3 trading days hold. +9.83% gain.

$CEI trade convictions:

• AOTS all timeframe
• ATH breakout
• RSI 70 breakout all timeframe

$CEI 3-month Daily Chart

1. 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. 
2. 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

     b. Thurs Aug 17, this day was a tricky candle. It opened at 0.228 - a tick higher than the previous day's close. Opening and making 0.228 its new ATH. Then $CEI went down, touched 0.215 previous' resistance and closed at 0.218.
3. 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.
4. 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.

$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.