In HK, I also read sometimes, while waiting for my mother to do her shopping. Recently I saw a post by some traders, that they highly recommended some books. One of them is Reminisce of a stock operator, and the other is trading in the zone. Reading from the forum, it made me feel that there are also many people that earns from trading, even though I don't have any friends that I know of.
I placed the below trade just now, following the logics I wrote in previous post.
I also added a limit, to take advantage of upward spike, and also no stop loss, to prevent getting slaughtered from a spike as well. I placed the limit just before the next resistance zone.
Recap on my current trading logic :
- See the overall trend
- If there a retracement?
- Zoom into hourly candles
- Place limits, but not stops
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