Trade 1
Short WDC From our watch list.
WDC gaped down on earnings news .
It gaped down to a critical area.So waited for WDC to retrace
to a point where we could initiate a short sale.We shorted WDC at the bottom
of first red candle on a 5 min chart meeting our parameters.
Entry 32.99
Stop 33.22
WDC moved in our direction only to reverse course and move higher.
We were stopped out for a loss of -.23
Good news: We knew the max .lose of the trade BEFORE we entered the trade.
Lesson: Despite all preparation ,ANY THING CAN HAPPEN.
You have to be prepared to be stopped out.
Trade 2
Yesterday we had a massive trade with MNST. So we kept it on our list for continuation.
Continuation it did. MNST gaped down to start with. We waited for an entry .
Short MNST Entry 42.40
Stop 42.50
Target 1 42.00 1/2 +.40
Target 2 41.00 1/4 +1.40
Target 3 40.00 Never hit.
Target 4 39.00
MNST hit 40.06 and bounced back .So we covered more for +1.90
Finally stopped out for another +1.40
risk/Return was huge here .10/ 1.90 = 1900%
Sweet trade!.
It is always good to keep an eye on something that has made money
for you already. They can come in doubles.
