Saturday, 30 July 2016

[Lesson] Cutting a painful loss

Summary
Position in Krisenergy sold at 2.4k of loss

thought of the week
prior to the loss of Krisenergy, i had slowly but surely made trades that helps me gain some profits.
but my ill-discipline to cut loss, really put me into this mess of losing $2.4k. Instead of getting mad, i realised that i shld have just made a stop loss for this counter. this weekend, i will tighten my trading techniques, and probably enquire on how to get a CFD

Elaboration
there are lower lows and lower highs, there might be a few bounce upwards. but really no point playing it. if you do play reversal, trade a very small amount

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