Stock In Focus AZRB / Sedania

AZRB(7078)
Wave 3 uptrend confirmed(very bullish signal) on 25th of March'16 after breakaway from immediate resistance at $0.705 with substantial volume kicked in and heading to target of $0.880, Stock prices currently trade above $0.705 more than 8 days (resistance become support) and it carry a meaningful signal, which is investors/swing traders buying at this level, I am anticipate it should testing $0.750 very soon ! After $0.750 removed, it should heading to test $0.800/$0.835/$0.880.


My Trading plan
I am bought at $0.725 and I will lock profit partial profit along the resistance line at $0.800/$0.835/$0.880.
If any weakness toward $0.690/0.705 is offer me opportunity to collect more share
I will stop loss if EOD price close < $0.690.

SEDANIA(0178)
29th of march'16, stock price tested immediate downtrend trend-line at $0.455 and rejected due to profit locking kicked in,  Elliot wave show wave 2 expanded flat formation was ended on today which is forming hammer and spinning top on bottom,this is a strong signal support was found at $0.400. I am anticipate wave 3 next swing up just around the corner, it is very good opportunity for me to ride early stage of wave 3, because wave 3 is strongest wave degree in Elliot wave theory. target for wave 3 is $0.500/$0.560.
   
My Trading plan
I am bought in on today and I will scale in more when stock price break $0.440.I will  partial profit along the resistance line at $0.460/0.480/$0.500.
If any weakness toward $0.415/$0.400 is offer me opportunity to collect more share
I will stop loss if EOD price close < $0.360 or I will apply trailing stop along the Support/Resistance line(after resistance support).

Trading Challenge

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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