Wednesday, May 2, 2012

NOL - K Time

I got to thank a fan of mine who emailed me to watch NOL two days back on Monday. There are too many stocks that I was watching and I missed out on this. Thanks to him!

After analyzing the chart yesterday, I decided to take a long today using the K Time theory. I longed at 11.03am and thereafter, the stock just went up 2 pips higher and there I unloaded. Just when I thought this stock was trending higher, at certain time and point, it did not act accordingly to what I thought and so I unloaded and took profit. Although the risk and reward was not there, but nevertheless, money in pocket first is safer than money in market.

Ronald K - Market Psychologist - The Big Speculator