The current Greece debt and stock market correction is a good news to investors. This means that it is time to scoop up some stocks at a cheaper price. I was quite happy to see this stock. Price has come down and reach a support at $6.60 (click chart to enlarge). The K-line has retraced to a low level. Selling pressure has subsided. I was quite confident of this stock and placed a buy order. It broke out the following day and went up 4%. I placed a stop loss just below $7 and wait for the market to run.
But the next 2 days, we saw all stock market tumble. My stop loss was triggered. I do not think it is a bad trade. If given a choice, I will still buy at the same point. I did nothing wrong and I am happy about it even though I lost.
Bought 8,000 shares at HK$7.47 on 4 May 10.
Sold 8,000 shares at HK$6.98 on 6 May 10.
Commission = HK$209.16
Loss = -HK$4129.16 (-S$739.99)
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