Keppel Corporation went up today due to the newspaper announcement that it is doing a major restructuring. Smart monies have been accumulating the last 2 days as they have advance information. There is a previous gap down zone where many traders are trap around 4.90.
Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.
Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.
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