Tuesday, October 16, 2012

Trades for 16th October,2012

Trade  1


















  Short INFY                        INFY was trading down in an up market showing relative weakness.

                                             Entry                44.21
                                             Stop                 44.31

                                             Target  1          44.10       1/3 +.13
                                             Target  2          43.90        Never hit.

                                             We lowered our stop  to   .21 to b/e and were stopped out for 2/3.

                                             From all the watch list  we could not find another stock with the right
                                             pattern to trade even though we waited  the full day just watching.

                                             You don't have to be in a trade all the time.If you don't have a trade,
                                             don't chase.Wait for the trade to come to you.




                                            
           
                                        

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