Trade 1
Short Sell EMR I shorted EMR first thing in the the morning
becasue it met our trading criteria.
Entry 49.19
Stop 49.36
Target 1 49.00 Covered 1/3 +.10
Target 2 49.80 Covered 1/3 +.39
I was stopped 1/3 +.19
risk/Return .17:.39 = 229%
Great trade I thought. It climed up to 49.44 then dropped to 48.30 more than a dollar.
It is always good to keep an eye on the stock that made you money.Another opportunity could be still hidding in it.
Trade 2
Another short Entry 7.28
Stop 7.35
Target 1 7.18 Covered 1/3 +.10
Target 2 7.10
It neveer hit T2 Covered 1/3 + .08
Covered all 1/3 +.05
risk/Return 0.07: .10 = 142%
Not the best trade. But still eeked out some money from it.
The BIG MISS
I was watching this for over a week for a possible short entry, as the daily pattern suggested
that it could go lower. Was on screen everyday.I only saw it when the alert went off at 29.90. By then it had dropped over a $1.00.
Still I found an entry on the 5 min chart at 29.85 .Exited at 20.60 for a quick .25 gain.
All I had to do was to watch today's up move. Took my eyes off of it.
