Wednesday 24 August 2011

New Trade

Made some trades today:

Long MMODE at 27 sen
Long PERDANA at 74 sen

The rationale the MMODE buy is stated here. PERDANA on the other hand is 100% speculative and based on rumour. Thought I'd pick up some shares as the stock showed weakness. Stop loss for each stock implies that the risk for each position is 1% of equity. Total risk: 2%.

Risk control is essential in times of uncertainty like this.

No comments:

Post a Comment