Trades for 26th September,2012

Trade  1

Short      FSLR           1st         Entry   20.19
                                                Stop    20.35
                                                Later reduced Stop  to .28  and I was stopped out  -.09.

                                  2 nd    Entry                     20.55   
                                            Stop                     20.68

                                        Target 1                  20.45       coverd  1/3     for +.10
                                        Target 2                  20.40       covered 1/3     for +.15
                                        Target 3                  20.30       covered 1/3     for +.25

                                         risk/Return            .13/.25      =192%
                   
                          But remember we lost    1R in the first try. Still we managed to recover.
                          At any time  maximum  loss is 1R. No exception.

Trade 2

Long BIG     this stock had a major fall  yesterday. See trades for 25th.

                    And it was running up nicely.

                                      Entry   29.76
                                      Stop    29.65
                                      As it moved up I raised my stop to  20.70  and was stopped out for -.06

                 This goes to show that   losses are a part and parcel of trading. Not all are winners. But the key is to keep losses small and wins big.