AZRB(7078)Wave 3 uptrend in the way of making with substantial volume kick in on last couple of days, currently trade with in triangle and I am anticipate it should breakaway from it which is go beyond $0.675, it will carry very bullish signal as triangle breakout !!! It should heading to the target of $0.760/$0.880.
My Trading plan
If any weakness toward $0.650/$0.620 is offer me opportunity to collect
Short term SL <$0.600
Med Term SL <$0.550
My TP $0.760/$0.880.
JHM(0127)Triangle breakout on yesterday and I am bought it at 0.505, immediate support right $0.500/$0.480.
My trade plan
If any weakness toward $0.500/0.480 is offer opportunity for me to collect.
Short term stop loss <$0.440
Med term stop loss <$0.410
My TP : $0.550/$0.635
MMODE(0059)Bottom was found at 0.400 and today 1st bull candle was kick start with optimum volume and it was hit on the immediate resistance at $0.445, breakaway and stay above on it will bring price to test $0.465/0.485/$0.520.
My trade plan
If any weakness toward $0.420/0.400 is offer opportunity for me to collect.
Short term stop loss <$0.400
Med term stop loss <$0.400
My TP : $0.465/$0.485/$0.520.
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.
As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.
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