Tuesday, October 16, 2012

Trades for 15th October,2012

Trade 1                       The only trade of the day  -Why?  see below


















Short CSTR                     This again was a pick from our  watch list.
                                         Pattern  was in line with our trading criteria.

                                        Entry    44.80   (  9.31 am)
                                        Stop     45.01

                                       Target   1          44.55                   1/2 +.35
                                       Target   2          44.25                   1/4 +.55
                                       Target   3          44.00                   1/4 +.80  (10.05 am)

                                       risk/Return            .21/.80            = 400%

                                       This was a huge trade. We made in 1/2 hour the money
                                      we normally make in a day.

                                      Can you beat that!!  Have a better reason to take the rest of the
                                      day off ? We couldn't .

                                      When you are paid off in spades it is time to walk away.

                                   

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