Just yesterday, I wrote this article:
I mentioned Apple will be going for $550. Please sell at $547 if reached. Indeed it has. $547.6 is the highest it goes before rumbling to $537 and recovered. As a Day Trader, you would have sold at the highest point of the day. Not a dollar less. If you want to sell at $548, you couldn't even get it.
Some of you may ask,"What if apple flies again?"
As traders, we don't take Risk. At $547, which I know for sure is a resistance, I get out first, before others. Only after it consolidates, which I don't know how long, it may be 1 day, 1 week or 1 month. After it consolidates finish, and breakout, then I enter again. Poor traders get in at $547 because they are impatient to wait for consolidation.
This is how Traders Trade. Avoid Risk and Protect your capital!
Btw, if you come for our course, We would teach you how to apply the same concept in both Singapore and US Stocks. Making Money is Easy!