Huge risk if trading a company stock
it is a good lesson for me, as I found its chart looked pretty in technical ways
- a 3 month consolidation after long term downward trend
- Bottom confirmed several times
- price increased with volume
- triangle patterns in the upward trend
however, it failed to continue increase after broke out the triangle. and it is over 10% loss a day.
Lesson for all trader trading company stock, no matter how pretty the chart looks like, make sure set STOP order!
- a 3 month consolidation after long term downward trend
- Bottom confirmed several times
- price increased with volume
- triangle patterns in the upward trend
however, it failed to continue increase after broke out the triangle. and it is over 10% loss a day.
Lesson for all trader trading company stock, no matter how pretty the chart looks like, make sure set STOP order!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.