Trade 1
Short DWA From our watch list.
DWA gapped down pre-market and continued at open.
Short 17.15 / Stop 17.30 1/2 size.
Target 1 17.00 DWA whipped up and stopped us out.
lose -.15.
We continued to watch DWA .
Second entry 17.29/Stop .17.45 1/4 size.
Target 1 17.00 1/2 +.20
Target 2 16.90 DWA hit 16.95 before turning up.
We covered 1/2 for +.20 again.
We managed to get out green in this trade.
See how we took smaller size in the second trade ,yet managed to
come out green at the end!.You need to know your
trade management.
Trade 2
Long FB From our watch list.
The one we loved to short we are going long this time.
Entry 25.09 /Stop 24.99
Target 1 25.19 1/2 +.10
Target 2 25.40 1/4 +.30
Target 3 26.00 1/4 +.60
FB hit 25.86 before turning back on us .
So we covered last 1/4 at .70 for +.60
FB meandered along and finally hit 26.09.
This was a pretty good trade for us.
risk/ Return .10/.60 = 600 %
Trade 3
Short BBBY From our watch list again.
BBBY gapped up at open was slowly drifiting down.
Entry 58.96/Stop 59.10
Target 1 58.86 1/3 +.10
Target 2 58.50 Never hit. Covered 1/3 +.09
We lowered stop to 58.96 were stopped out to b/e.
SPY analysis
We predicted before open that SPY would most likely form
an inside bar and to limit our expectations because we didn't
anticipate the market move much in either direction.
See how the SPY behaved. It did form an inside bar.(last green bar).
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