Daily Chart of Yanlord
CSI Sell Signal -Yanlord (Follow Up)
I last posted Yanlord on 6/7/2013, this stock is still consolidating sideways. One would have shorted at the first arrow on 4/6/13 at 1.42. One will exit when it breaks and close above its peak (Resistance) at 1.275.
When one enters a trade using the mechanical trading system like CSI, one should also exit by following the system. By removing the responsibility from the trader of having to choose the entry and exit, the CSI expert is supposed to help the trader overcome emotion. With emotions eliminated from each trade, the trader may be in a stronger position.
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