Trade 1
Long BK From our watch list
Entry 25.09
Stop 24.97
Target 1 25.19 1/3 +.10
Target 2 25.24 1/3 +.15
Target 3 25.48 Never hit.
Moved stop to 25.16 1/3 +.06 stopped out.
We took the max out of our trade by selling right near high.
Trade 2
Short STJ Again from our watch list.
Entry 40.10
Stop 40.21
Target 1 39.95 1/3 +.15
Target 2 39.75
Target 3 39.40
Stock was hesitating around 3.90 for a long time .
So we took another 1/3 for +.10
SPY was going down but STJ was showing remarkable resilience.
We finally covered our last 1/3 for another +.15
See what happened at EOD .It just collapsed and hit target 2 and almost near
target 3. Should've been patient and let the stock play out.
Trade 3
Short FB from watch list.
Beautiful sell pattern was forming .Were watching.
Entry 19.45
Stop 19.55
Target 1 19.30 1/2 +.15
Target 2 19.20 1/4 +.25
Target 3 19.00 we covered 1/4 +.40
We were expecting an EOD sell off but didn't pan out.
To our advantage GOOG announced record low revenue just as we were
entering the short.
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