Friday, December 16, 2016

SATS - Thank You for The Message

So happy to be receiving this Whatsapp from a student who has been attending my sharing session consistently and started to see some lights in his trading. Shorted SATS at 5.06 and covered at 4.93 is considerably a good short in the 5 minute chart. SATS then rebounded very strongly today to trigger all those who shorted and the fizzled down again. Should he had a target price say 4.7 to book profits, he would have been feared by the 2 long green bar up and cut loss. But because as the price is falling and it reached a strong demand zone in the 5 minute chart, it's only wise to secured profits and go first. In my trading plan, I only believe in BBs movement, not the traditional pricing or TA.

Ronald K - Market Psychologist - A Stock Market Opportunist