Breakout - GTRONIC

Today I made my first trade in June 2019. My Cikgu CP Teh day traded the counter after 11 a.m. I followed his move. The breakout price broke out from its rectangle box at RM1.60. I bought 70 lots at RM1.60.

Cikgu CP Teh sold his holding at closing time but I wanted to sell at immediate resistance line of RM1.69. Over the years, I prefer trading breakout compared to technical rebound. The confidence level is  much higher and probability of gaining profit is better.

May 2019 - trading at support

On 29.4.2019, the price of HIBISCS (5199) touched support at RM1.12; of which I bought 100 lots.

Soon after two trading days, the price broke the support line. I didn't cutloss at closing time. A bad choice because it gapped down the next day. For that trade, I lost RM1451.14.

Another trade which I took (bought at support line); GTRONIC (7022) done on 15.05.2019.

I cutloss the next trading day with a RM906.68 loss. It would be a disaster if I kept the stock!

Overall in May 2019, I made 10 trades with a total loss of RM2752.18. Although the golden rule for me is to cut loss if paperloss is RM500, I keep making mistakes of keeping the losers. (And cutting the winners, oh dear me).