Trade 1
Short NAV From our daily watch list.
Entry 18.75
Stop 18.85
We were stopped out . -10.
But we kept watching the stock. Soon after stopping us out stock
started hesitating. We realised that it was nothing but a shake out.
Re-entry 18.85
Stop 19.01
Target 1 18.55 1/2 +.30
Target 2 18.35 1/4 +.50
We moved the stop to .55
Target 3 18.00 Never hit.
Lowered stop to .50 stopped out 1/4 +.35
Overall result of the trade -.10+.30/2+.50/4+.35/4= +.265
risk/ Return .10/.265 265%
In the first trade we lost money. Do you have the courage to reenter
another trade in the same stock after a lose? .This is where you need to know
your trader psychology.
Trade 2
Short FB From our daily watch list.
FB gaped up on better than expected revenue day before last.
It was hesitating to move further and was on our radar.
Entry 22.72
Stop 22.82
Target 1 22 .61 1/3 +.10
Target 2 22. 50 1/3 +.15 (slippage)
Target 3 22.20 Never hit. covered 1/3 +.10 EOD.
risk/Return .10/.175 175%
After hours FB dropped down to 22.24!
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