Whenever I put on a trade, I have two goals - to make money and to become a better trader. I find that I usually learn more from poor trades, as long as I keep good records. Let's take a look at Wilmar International.

On 7th Sept 2015, Deutsche Bank Markets Research released a Sell report on Wilmar International due to Chinese rates and currencies. Shares prices plunged 0.11 cents – 4%, closed at 2.63.

On 8th Sept, Wilmar Intl opened at $2.63 with little volume. It kept acting weak and price dropped back to $2.62 (monday day low) – it was not too late to enter(Short sell) as I planned to short in the vicinity of Monday closing.

Entry Price: $2.62

Stop Lose: $2.64

TP: 2.55

By then the stock was in a free-fall, day low sank to $2.51 but recovered quickly back to 2.54/2.55. I began to question myself whether this was the time to cover. My finger was on the trigger. I had no doubt - this was it! I sidestepped the excitement and the volatility - enough is enough.

I closed my Short position at $2.55.

Best wishes.

Divergence Trader

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