Put your stop below rm 1.95. Buy today below 11 am.
Monday, August 18, 2008
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As I sit in front of the market screen, I gazed and wondered what will happen next. Here are my thoughts and ideas for the Bursa Malaysia Stock Market.
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Aug 18
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- 5:04 pm - KLCI is confirmed to breakdown below 1089
- 11:59 am - KLCI is ready to test 1187 for 2nd time...
- 10:57 am - Time to sell some of your Air Asia shar...
- 10:44 am - Chart of the Week - KPS
- 10:06 am - KLCI may form a double bottom today !
- 9:43 am - Weekly Report by Bill Wermine
- 9:09 am - KLCI is ready to test lower @ 1087
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2 comments:
Hi Martin,
Just wondering if you ever go back to your previous CoTW recommendations and review how did they all perform.
I did a brief check from your May recommendations onwards and most of them didn't work out due to market condition and I can really see the importance of putting a stop-loss in any trade to limit losses.
For those trades that worked, using ATR stops would work fine to get out with some profits.
Cheers,
CW
CW,
You are right ! We are in a game of uncertainty and you need to put a stop on every trade. Remember the two golden rules. Cut your losses fast and run your profit.
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