Divergence Trader

How I Managed My Trade - Yuuzoo(Long)

Francis Chua
Publish date: Sat, 11 Apr 2015, 09:37 PM
Francis Chua
0 10,453
To find the truth, look below the surface

All successful traders make decisions without waiting for complete clarity. Because if you are going to wait for the complete clarity, you will have to work with last year’s charts.

Therefore, the decisions we make are not something of the “exactly up” or “exactly down” kind but it will be “most likely up” or “most likely down”. This is how I traded Yuuzoo.

But small-sizes trade are great for practicing trading skills, such as “catching a falling knife” in Yuuzoo.

Falling knife

On a weekly chart, Yuuzoo showed a nice bullish divergence.

On the other hand, the daily chart also showed that price at 0.27 is a strong support since 18th Mar.

I entered on 9th Apr at 0.275 and my stop loss is 0.265. Target 0.295.

Daily chart Yuuzoo

 

Before taking profits in Yuuzoo, I considered holding it longer as my initial price target was 0.295.

But I decided to sell on Friday because 'easy money' has already been earned, and I didn't feel comfortable holding longer-term in this nervous Yuuzoo.

So I grab my profits quickly….. return of 3.64% within 2 days.

Yuuzoo buy

 

Sold Yuuzoo

Best wishes for the week ahead,

Divergence Trader

 

 

 

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

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