This is a chart of Indofood Agri Resources that we have talked about several weeks back. The fresh “test” short signal execution was @ $1.02. Since then, the price has dropped all the way to a low of $0.94, while since then price has recovered to about $1.00. As the candles were still in ‘red mode’, you would have held onto this position at that point of time. The current price of Indofood Agri Resources is now at $0.97; showing a gain of about 5%. Following your plan is of the utmost importance and we shall see how this case study pans out. Remember that trading is all about managing risk and taking responsibility for your own trades. We will continue to rotate a few stocks as case studies for education purposes on the CSI system.
Master the Art of Successful Trading
Date : 19th August 2014 (Tue)
Time : 7pm – 9pm
Venue : CyberQuote Pte Ltd
17 Phillip Street #08-00 Grand Building (S)048695