Refer to the recent past live analysis which I made 2 days ago and entered the trade:
I have made the decision to cut all losses in this trade right now for risk management purposes.
Technicals which led me to make the judgement of cutting as early as possible is on chart as above: yellow flag, amber flag and red flag. This is to limit the damage to as minimal as possible although the damage from a wrong short-term trade judgement had been committed.
Below are the losses converted into (SD) Singapore Dollar (SGD).
- S$ 22,765 SGD
(A loss of -$22,765 in mere 2 days due to error in technical judgement is considered a bad trade)
= + S$ 1,132,150 SGD