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.
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.
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.
Best wishes for the week ahead,
Divergence Trader
The post How I Managed My Trade – Yuuzoo(Long) appeared first on Divergence Trader.
Chart | Stock Name | Last | Change | Volume |
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Created by Francis Chua | Dec 28, 2015
Created by Francis Chua | Nov 08, 2015
Created by Francis Chua | Oct 12, 2015
Created by Francis Chua | Sep 13, 2015