$CROWN - A Not So Royal Gain


Crown Asia Chemicals Corp
Royal $CROWN No More!

Total Profit: 0.03%

MPB 0.03 in a Month!

(Click to enlarge)

Ledger

Date Transaction Price Size
06/21/2016 Buy, Bounce Play 2.16 168K
07/20/2016 Sell, 1 Month Play 2.23 167K
07/04/2016 Sell, Raised Fund 2.17 1K

1) Bounce Play

Thought I've found/bought this one as a "Bounce Play" at the time but ended up as a "Bodega Play" as it crashed further below to P1.80 level after few days - what happened to ILCI?


2) Raised Fund

Sold some to raised fund for monthly bills.

3) 1 Month Holding Plan

After seeing its slow and painful recovery - thought enough is enough then decided to hold it just for a month - followed it like a Pro Trader - Sold all!

Then Ms Market showed she's the Boss - not us!


Realisation
"Dapat palago nang palago." - Puhunan.


  • Must learn more about candlestick and pattern trading.

  • Must strictly follow ILCI method - should be NO IFS NO BUTS.

  • Must plan and follow a mental Stop Loss to avoid getting "IPIT" unnecessarily.

    • So In Profit Take It!

    IPTI 101!

    Disclaimer: All information and insights posted here are based on Puhunan's learning experience as a newly converted TRADER with real stocks open and/or closed positions. This is not a paid PR-work for any personalities or articles linked here as references for the subject. Also this is not a recommendation or to hype any similar stocks but simply a trading journal for purposes of having the ability to access and review it online anywhere anytime. Puhunan takes no responsibilities to any losses you may incur by blindly following or copying any positions, strategies and/or practices you may find useful here.

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