Thursday 25 June 2015

Breaking Even with Trading

Last Week, we had seen the Biggest weekly drop in the A50 2823 ETF about 12% drop in 1 week. That is the biggest drop since the begining of uptrend. It had also break the 1 month low support level at 14.6. With my Avg Entry price at 12.16, I have decided it is time to lock in my gain. I have sold my entire 44000 shares on MONDAY 2015/06/22. I sold it when the market open at a price of $14.42. Which had netted me a gain of $90000 plus HKD. An ROI of about 18% on investment. With this profit in mind, over my last 10 years in stock trading. It had made me ahead of the game again, with a Net Profit over 10 years period of about $20000 plus HKD. With this I am still happy about the result. Although I have aim for more, around half a million profit. But I think it is time to lock in profit in uncertain time. The money I got from selling the share to go to Oil investment. I will update the oil investment bar on the Left shortly. To be honest, It is an important milestone for me in trading over this 10 years going from negative and back to positive territory. It is not easy and I will definitely cherish my money in future trading much much more.The main reason for me to come out ahead in this game is I have limited my losses and Ride on my gain. Article by Macao Millionaire Doctor

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