Friday, November 2, 2012

Trades for 1st November,2012

Trade 1























Short  ABX                  From our watch list.

                                     Entry   37.28   (10.50 am)
                                     Stop     37.35

                                     Target  1     37.15             1/4   +.13
                                     Target  2     37.00             1/4   +.28
                                     Target  3     37.75             1/4   +.53
                                     We lowered our stop to   .85 stopped out 1/4 +.43 9(11.45 am)

                                    risk/Return       .07/.53    757%

                                    This was a great trade.Hit  all our targets.

                                     Great start for the month.

                                     There were a few more stocks that went our way.But there
                                     were no proper entries with right r/R. So what do we do when
                                     this happens?.Walk away.Yes. Walk away. Don't force a
                                     trade.Let the trade come to you.