When you see the macro picture and the index volume is high and that the “qin kuang bu miao”, get your most risky trades out of the way first.
I have 4 trading position so i closed this 2 which is the most risky first.
SembCorp Industries
I got into this trade the day before watching Avatar (farking nice show btw). The MACD looks to be heading higher but my sentiments is that perhaps it will just gyrate along 3.60 to 3.70. Cut it as i see the capital under risk.
Rotary
I never did a trade where the bollinger band is narrowing. The move could either be up or down and due to inexperience i only put 6k of my capital at risk. It turned out well hitting a high of 1.16. Regreted not selling, but then again i wanna see if it will retest the moving average and built to head higher. Didnt earn any thing from this and didn’t lose.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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