Very important to have trading plan in place before take any position … if price move again is and we take loss and admit we are wrong … move on to next one … else the stock move down futher and will have substantial loss
I do trade at rm 5 also …. I took loss when it breaks 4.98 … and I prevented substantial loss !
The only thing we can do and I suggest to do is stay focus to execute urs trading plan. no panic and stay calm
noting much we can do or worry ...because we are not market maker and cant influence stock movement ...stay focus on area* of influence( execute trading plan) and not area of concern(market down./up)
Forwarded from Profitable traders club
this is for many rookie to experience capital market mini crash