Ezra, a badly beaten stock for the past one year.

It was trading at $1.3 on 9th Jan 2014 but current price was $0.54

I received a message from a friend to give my opinion on Ezra as share prices was trading at the range of 0.53 to 0.54 since 18th Dec 2014.

When I pulled out the chart, I saw a accumulation for the past few weeks.

And I decided to piggy-back his research but the entry level of Ezra was based on my method.

I have informed my friend about my execution(entry, target and cut lose) as a courtesy.

On 2nd Jan 2015, I entered Ezra $0.54 and my target was 0.575/0.58, cut lose was 0.525

The trade turned out well. On the fifth day, Ezra rally and hit my target.

Holding a small trade, with little money at risk, let me control my emotion well.

What are the lessons of this trade?
On the plus side, my analysis was correct, as I chose to piggy-back a research from my friend who asked me for opinion on Ezra Chart.

The grades I earned for the entry, exit, and the overall trade were good.

On the minus side, my exit was premature as MACD has just started to tick up. This is something I am going to work on.

Many thanks to my friend(if you are reading this article)!

Best wishes,

Divergence Trader

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