I mention earlier that it is important to cut loss when we make a mistake , STX PO was a mistake that I made. I am happy that I cut loss fast instead of making a bigger loss. Though I did not make a profit, but I am still happy with the trade because I learn how to handle my emotion to cut loss. It also make me stronger mentally because I made the right decision to cut loss.
I also noticed that the market was volatile when monitoring the US stock indexes , I decided to stay aside and wait for an opportunity to strike again.
I have been monitoring the stock market using my moving average strategy. I did a scan on the Singapore market today and I am happy to find 2 good potential counter for me to monitor.
Noble Group and NOL both followed the market and retraced from their previous high, it was supported on the 20d MA and it started to rebounded from the 20d MA today. White candle was formed for yesterday and today, this reinforces some bullish sentiment in this counters.
DISCLAIMER: This information does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
