Divergence Trader

How I Managed My Trade - Innovalues Limited (Long)

Francis Chua
Publish date: Sat, 06 Dec 2014, 04:22 PM
Francis Chua
0 10,452
To find the truth, look below the surface

On Wednesday night, my wife reminded me that our son school is having year end concert on Friday.

I thought the most sensible thing to do is to clear my trade position before Friday as I will be away from the screen for the whole day.

Let us see how I managed my Innovalues trade.

On Wednesday, 3rd Dec, I long Innovalues at $0.47 when it breaks out from $0.46.

As I need to clear my position on Thurs, I have target $0.5 to take profit.

On Thursday, Innovalues opened at 0.495/0.5 when trading start. But selling one bid below my target was not a bad idea too.

I felt that was enough for me, 5.3% within 2 days.

I sold at $0.495.

Innovalues Sell chart

Innovalues trade

Best wishes,

Divergence Trader

PS. Readers are invited for a Christmas gathering on 13th Dec. Time is 10 am - 1pm. We will discuss about 2015 Market outlook and how I handle my trades.

Cost: Gathering is free (small tea break will be served). For details please click the link.

The post How I Managed My Trade – Innovalues Limited (Long) appeared first on Divergence Trader.

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