Wednesday, November 7, 2012

Trades fro 7th November,2012

Trade 1
























Short   CHK            From our watch list.

                                 Entry   18.10
                                 Stop     18.20

                                Target  1       18.00              1/3 +.10
                                Target  2       17.75              1/3 +.35
                                Target  3       17.55              1/3 +.55

                                This trade took us all day long. We were expecting CHK to drop
                                to 17 area. Didn't happen.

                                Still we walked away with great rewards.

                                 risk/Return    .10/.55   = 550%

                                 We will be watching CHK tomorrow for possible follow through.

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