A Mistake Made Again

It has been a long time sime I last wrote here. Have been busy preparing for my other phase of life. (STUDY) No financial sad to say but my root: ENGINEERING. And this will be my last.

Well, during this time I had little watch over the market. And I had kept my posistion as min. Not counting my LONG TERM INVESTMENT.

For 1 counter, it actually turn last week, down, but still floating somewhere of my stop loss. Not wanting to hold on anymore and to prepare for my exam, I sold it off this Monday and last closing. I had lost the trading frees plus a % of the price.

But after I took a small break into the SGX, it actually went up. I was STONE EYES.

Mistakes Learnt:
1) Check the major market for direction.
- DOW actually rally 200 points last Friday and I missed this. If I had checked I would close the deal with a breakeven, plus trading fees.

2) I never take a good look at the TA of the counter seriously. I it was a resistance than and I should wait for a break below to close or for it to break up resistance to stay in.

3) Never, ever, never, ever, never, put your emotions into the trade. Heard this many times but still make this mistake.
- Emotions means: just trading with rules and regulation you made up. And not other influence affecting this trade. No time, No study, No work and Yes sometime No family influence in it. Set up a rule a stick to the rule.

4) Lastly, check your trade orders.
- I actually made a BUY instead of a SELL to add on to my lost. Not the first time but still make this error.

Hmmm. I shall add this to my golden rule as a remainder to me.

However, I have another counter still open covering the lost I made in this counter. So there is still a consolation here for me.