Trades for 27th,September,2012

                                        You don't have to trade all day to make money


Trade  1

Long    RVBD

                                               RVBD was basing at the top for over an hour. All indications were that
                                               an breakout  was imminent. I entered trade just as it  broke above base.

                                               Entry    20.53
                                               Stop     20.41               stopped out for -.12

                                              It came down and stopped me out.Then started moving up and hit 23.80
                                              without me.                                 

Trade  2

                                             



















Short     CPHD                     

                                              CPHD gapped down.

                                              I entered the trade  at 37.25. I was waiting  for the   confirmation  
                                              of the pattern even though I could've entered the trade at 37.60

                                             Entry      37.25
                                             Stop       37.55       

                                             Target  1                    37.00           covered 1/3   +.25
                                             Target  2                    36.75           Covered 1/3  +.50
                                             Target 3                     36.00           More            +1.25
                                             Target  4                    35.50            All out         +1.75

                                     I could not have asked for more !..HIt all my targets.

                                    I was done by   11.30 am. When you get a good trade like this,
                                    it is a good time  to  walkaway.
                                    Now I have the rest of the day to myself.

              

Trades for 26th September,2012

Trade  1

Short      FSLR           1st         Entry   20.19
                                                Stop    20.35
                                                Later reduced Stop  to .28  and I was stopped out  -.09.

                                  2 nd    Entry                     20.55   
                                            Stop                     20.68

                                        Target 1                  20.45       coverd  1/3     for +.10
                                        Target 2                  20.40       covered 1/3     for +.15
                                        Target 3                  20.30       covered 1/3     for +.25

                                         risk/Return            .13/.25      =192%
                   
                          But remember we lost    1R in the first try. Still we managed to recover.
                          At any time  maximum  loss is 1R. No exception.

Trade 2

Long BIG     this stock had a major fall  yesterday. See trades for 25th.

                    And it was running up nicely.

                                      Entry   29.76
                                      Stop    29.65
                                      As it moved up I raised my stop to  20.70  and was stopped out for -.06

                 This goes to show that   losses are a part and parcel of trading. Not all are winners. But the key is to keep losses small and wins big.