06/02/12
Bought 5000@0.945
07/02/12
Sold 3000@1.01
Hold 2000
Profit: $195
Commission: $20
Net Profit: $175
I still have 2000 shares which i intend to hold for a potential ride up. China Minzhong is announcing earnings next monday on 13/02/2012. Stop loss at 0.985.
If my stop is hit, i'll still profit another $80 and i already have $175 in my pocket. With a risk free trade, why not just let it run? This is one of the lessons i learnt in weath academy trader course. A method to protect your psychology and minimize risk.
I've adjusted my stop loss to 1.05 as this counter has rallied all the way to 1.08.
10/02/12
Stop loss hit at 1.05
Profit: $210
Commission: $10
Net profit: $200
Total net profit for this counter: $375
Total Investment: $1211.25
Percentage gain: 30.95%
$375 for a 4 day trade? Not bad at all.
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