You don't have to trade all day to make money
Trade 1
Long RVBD
RVBD was basing at the top for over an hour. All indications were that
an breakout was imminent. I entered trade just as it broke above base.
Entry 20.53
Stop 20.41 stopped out for -.12
It came down and stopped me out.Then started moving up and hit 23.80
without me.
Trade 2
Short CPHD
CPHD gapped down.
I entered the trade at 37.25. I was waiting for the confirmation
of the pattern even though I could've entered the trade at 37.60
Entry 37.25
Stop 37.55
Target 1 37.00 covered 1/3 +.25
Target 2 36.75 Covered 1/3 +.50
Target 3 36.00 More +1.25
Target 4 35.50 All out +1.75
I could not have asked for more !..HIt all my targets.
I was done by 11.30 am. When you get a good trade like this,
it is a good time to walkaway.
Now I have the rest of the day to myself.
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