Trading Log:Cut loss on CapitaRetail China Trust
Another potentially good trade that just did not materialize. Observing that MACD is about to cut 0 and holding the green 50 day ma, my entry took place at 1.26.
It was not to be. During the recent correction, it went down to my cut loss area and i eventually got out at 1.16 for a -8.6% loss. Very bad trade, where i should have had a tighter cut loss target. Because of this i gave back alot of last month’s profits.
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