Tuesday, August 31, 2010

Hyflux- follow up

Hyflux- Close $3.00, if you have follow my last post. You can add on your short position tomorrow if it go below $3.00. How to add? do you add a bigger position? The answer is no, you should add a smaller position then your previous position. E.g last trade u shorted $10000 worth of stock, your second position should be smaller e.g$7000(ard 25% lesser) worth..adding position this way will reduce your exposure to the market risk.