Trades for 3rd October,2012


Trade 1

  Short Sell             VLO   VLO gapped down and was basing  for the first few minutes
                                         We shorted  VLO  at our short criteria

                                         Entry          21.85
                                         Stop           22.01

                                         Target 1      21.72               Covered 1/3   +.13
                                         Target 2      21.55               Covered 1/3   +.30
                                         Target 3      21.35               More              +.50
                                          All out       21.60                                      +.25

                             In a trade like this   entry is within  1/2  minutes of opening bell. You have to know
                             what you are doing.You have to  have entry ,stop,  exits carved into your mind,
                             still with  the understanding that "anything can happen".
                             This is where your trader education  comes in.
                             Don't go to a gun fight with a sword!


Trade 2

                                 

BBY   Scalp long                      Pattern suggested  a break out was  in order.
                                                We took the trade at  .64 entry. looking for .25

                                               Entry   17. 64
                                               Stop   17.  54

                                               It broke out all right. But came doing  in  the next few minutes
                                               and stopped us out for -.10


                                              We waited patiently and found a second entry.

                                              Entry    17.60
                                              Stop     17.54

                                              Covered    1/2                 +0.06
                                              Covered   1/4                 + 0.14
                                              Coveered 1/4                 + 0.05

     Trade   3

                                        
                  
















  Short      HPQ                    HPQ dropped big after the  news conference.

                                            We  found and entry towards the end of day.

                                            We anticipated  a situation of wash and flush for a quick scalp.

                                         Entry    15.43
                                         Stop     15.55

                                        Target 1    15.30                   Covered 1/2  +.12
                                        Target 2    15.20                   Covered  1/4 +.22
                                         All out                                                 1/4 +.14

                                     
                                      
                                        Trade was fast .Needed 100 % focus .