Saturday, 24 September 2016

[Review] volume #7 SATS breakout, time to take profit!

Foreword
Attended a seminar on HKex and SH-HKex trading during the midweek.
what i noticed is that the speaker at the seminar also had a similar trading style as me.
trading uptrending counters and exiting trades once it hits SL and if it consolidates for too long. just that he would put in timelines for his trades, which i think i should learn. afterall there is opportunity cost associated with sticking too long in a counter.

Review

Charts
Lippo Mall trust should be exited by end of Sept, as it might be in the consolidation period.


Spackman. the bulls have shown to be stronger than the bears. the run is ongoing, stay on unless price proves otherwise.


SATS. breakout happened indeed, the consolidation likely to start again, exit to take profit.

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