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
Forwarded from Profitable traders club
CNA
Top Glove billionaire: Malaysian Lim Wee Chai’s wealth tumbles after 89% stock crash
For a moment, Lim Wee Chai’s ascent looked unstoppable. His Top Glove grew bigger than Malaysia’s banks, telecommunication firms and even the state-owned electricity company during the COVID-19 pandemic. Its stock price soared 450 per cent through the
Forwarded from Profitable traders club
Key take away for this incident ! never ever said is sure win even u pick up good FA stock
Basic building block construct yours trading plan
1. alway buy at support sell at resistance.
2. For swing trading is buy on weakness sell on strength
3. Momentum trading is buy on breakout sell on momentum slow down.
1. alway buy at support sell at resistance.
2. For swing trading is buy on weakness sell on strength
3. Momentum trading is buy on breakout sell on momentum slow down.