Monday, November 19, 2012

Trades for 16th November,2012

Trade  1








Short  ROST                   From our watch list.

                                       Entry    53.83
                                       Stop      54.01

                                       Target   1      53.63            1/3  +.20
                                       Target   2      53.50            1/3  +.30
                                       Target   3      53.00            Never hit. 
                                        Lowere stop to     53.80   Covered 1/3 +.03

                                  Second entry   

                                   Entry     53.61
                                   Stop       53.81             We only shorted 1/3 size.

                                   Target     1         53.40            1/3 for +.15
                                   Target     2         53.40            1/3      +.20
                                    Lowered stop to   53.70        1/3      -.08

                                Third entry

                                Entry   53.62
                                Stop     53.82                              1/3 size again.

                                Target     1  53.50                       1/2 +.10
                                Target     2  53.00                       Never hit   1/2 -.20


                                All told we had a nice trade.

                                See how we took 1/3 posions in second and third entries.
                                We only take a calculated risk. So money managment
                                is paramount.

                              
                                 

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