Irene2011 发表于 2012-6-20 16:19
Thanks Snowrider, i'm happy to know we are still in III.4.
Glad that you are happy! Yes, I guess that we are still in III.4 because III.2 took 1 day (06/13), so it makes sense for III.4 to take another 1 day (which is today). Tomorrow I don't know if we would see a kiss-goodbye after it surges (if there is one).
thomast 发表于 2012-6-20 21:01
Thank you Snowrider Laoda.
I couldn't post during day time. Thanks for the response.
thomast - The market always acts like that, and it is part of the trading life. Big fish eats small fish. Most of the time, the big fish pushes the price across some key resistance or support area and then take profit there while the small fish gets stopped out. Shoud we exit our position when the market penetrates our stop (mental stop or hard stop)? Yes! The answer is yes, and it is a good practice to always place stop orders which will save you from devastating damage!