Friday, February 3, 2017

GKE - A Cut Loss

Took a loss in GKE earlier. Yesterday seemed so bullish when it was trying to break the 0.164 level when suddenly the gate closed with no more sellers stacking the Sell Queue and buyers withdrawing the Buy queue and that's where as a human, hope comes in. Today the stock recovered to 0.163 but then again, more seller selling and the gate for 0.164 was locked hard this time where I had no chance to let go at all. Finally, no choice, I had to cut loss and let it go. Lost $8000+ but learnt yet another valuable lesson.

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Ronald K - Market Psychologist - A Stock Market Opportunist