Wednesday, November 28, 2012

Trades for 27th November,2012

Trade  1

























Short MMR                 From our watch list.

                                    Entry   7.96/  Stop 8.10

                                    Target   1   7.86               1/3 +.10
                                    Target   2   7.66               1/3 +.20
                                    Target  3    7.00               Never hit  .More  for +.50
                                    Lowered stop to  .50 and we were stopped out  rest for +.46

                                    Great trade. Whole trade took only 5 min.

                                   risk/Return     .14/50  =357%

                                   We hit more than  3/4 daily target with this.

Trade 2




















Short    EBAY                     From  our watch list.

                                           We tried to short EBAY when it started listing from open.

                                            We were stopped out twice. We lost -.16 in total.But we only
                                           traded  1/3 size .We didn't want to give up all we made in trade 1.

                                            Money management!

Trade 3

























Short   RIMM                 From our watch list.

                                       Entry   11.20/Stop 11.35
                                       Target  1       11.00         1/3  +.20
                                       Target  2       10.50         Never hit. Covered  1/3  +.30
                                       Target  3       10.25       

                                       Nearing EOD we covered 1/3  within seconds to close for+.46

                                       Tremendous trade. After hours RIMM dropped to .56!

                                       risk/Return    .15/.46   =300%





                                      

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