In CKK case, if it dropped sharply below ema41, should we just sell the order at the ema41 line every day to get a good exit? I just read a trading book today, it mentioned that.
Thanks for you advice. I will learn more. I am a beginner, joined in 21 OCT 2009, I remembered last time I argued with Selmax, I said I am a long term holder, fundamental wins, I don't care abt the share price going down. hehe, he replied to me, "you are only 26 years boy, if you don't listen, you might make a huge loss in the future"
Then I worried, listened, I clicked their posts and read, learned. I found out something. The most important thing in trading is to minimise risk.
Robbbbbbb guides us to trade in his professional view. I am glad I can learn from him and also there are a lot of good traders. For free!!!
They are not always correct, but most of time they are. you can check. And more importantly, you only make a small loss if things go opposite.
my story again, I bought axm in OCT, I thought it was cheap, so cheap, But ema41 far below ema195, down trend, I wish I had that knowledge at that time. therefore techinical analysis is good for short term traders and long term traders.
Regards
learning boy
BLY Price at posting:
$3.35 Sentiment: None Disclosure: Not Held
