Blog and Artwork updates of Singapore caricaturist, portrait artist and illustrator - Jit

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Monday, November 24, 2008

Comic illustration - Buy on breakout?!

Comic strip illutration - Buy on breakout watermark
Buying on breakout?! Most of the time, you may get 'killed' in the stock market.

Keppel Land buy on breakout
Keppel Land daily chart.
Typical false breakout and breakdown., usually due to momentum.
Buying on breakout and shorting on breakdown will land you in a 'home-alone' state.
You end up buying a share at high price, where no one will buy from you, when you want to sell at a higher price to make profit. To let go of your share, you will have to sell at a lower price, i.e. making a loss for your trade/investment.
Vice versa for shorting.

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