Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
due to the fact that nymex crude cannot retake usd50.0 level,depending on the length of time it stay below usd50.0 and whether it can hold usd 49.0 which is the 200d ma,i cannot rule out a klci pullback,the severity of which will depend on the price of crude.
speaking of cut loss, let me share this with our buddies .. if u don't limit your loss, your cap will be gone in no time ... eg based on your record u have a 50% win/loss rate (yayyyy !! this is better than professional) .. u intend to take 10 trades this month ... say luck not really on your side this month and the 1st 3 are losing trades ... say u don't limit your loss and u only cut when 30% of your cap is gone, what happen after the 1st 3 trades ... 90% of your cap sudah habis :( once again, your win/loss rate tells u nothing but how u manage risk does ! so, take care folks esp if u are trading high risk instrument like hsif :)
nymex crude 200d ma is 52.63 not 49.00 as stated earlier,so in fact it has fallen below the 200d ma support..if it cannot stay above 49.6 then technically it does not look good.
alright , will see if can get a good entry point.tq
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Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/