Short F&N (F99 - SGX)

F&N - SGX

If you look at the first post of this blog Long F&N (F99 - SGX) 6.28, we are using the Simple Moving Average (SMA200) to trade F&N. Here the SMA200 was triggered long at 6.05 (wait for a couple of bars to confirm) however long was initiated at 6.28 as we have missed the early entry. Stop-loss was triggered at below the SMA200. Here we take it as 5.98, a couple of bars below the SMA200.

Our entry is stopped for a loss of 0.30 (Exit at 5.98). Yesterday close was at 5.60.

Stop-loss is a very important component in trading. Always have a stop-loss! Always know when to cut your losses instead of hoping the price to turn around. Protect your capital and live to trade another day.