Friday, October 5, 2012

Trades for 4th October,2012

Only trade of the day




















Scalp Short sell HPQ           HPQ was continuing yesterdays pattern and poised for another leg down.

                                            Entry     14.53
                                            Stop      14.60

                                            Covered    1/2               14 .30                 for +.23
                                            I was waiting for it to drop to 14. didn't happen covered  rest for .  +.15

                                            Nice fast gain  in 10 minutes flat.
                                            This is where you play FEAR FACTOR.  Majority who saw the drop 
                                            yesterday were running  for the door. Get in with  volume and be swift
                                            on the take.
                                            Collect your money fast and walkaway.

                                            I problbly could've taken the up run over .53  but i didn't want to
                                            give up my gains.
                                            Discipline!!!  River will be there tomorrow too.