Youyuan (2268.hk) - Post-trade thoughts

After closing my Youyuan (2268.hk) positions at $1.77 in the morning, the stock reached a new high at $1.90 today.

It did leave a considerably sour taste in the mouth for a while, thinking that I left another $260 on the table, which was almost half of the profits that I took this morning.

But well, what experienced traders such as Dr Alexander Elder said, if we were to regret what was left, perhaps it would be better for me not to trade at all.

I've been trawling for the next stock to put my funds since this morning but haven't been successful as well. Hopefully can find something tomorrow that can meet my needs.

Uses of stop loss orders

Plenty of benefits, so remember to have them whenever you have open positions or intend to open new ones. 

Moving Stop Loss Level Part 2

I found my answer today.

To me, Dr Alexander Elder's books are a great way to understand how one can trade for a living.  

Will be moving my stop loss levels to break even from now on. If I get stopped out, I can always try again.