Wednesday, November 7, 2012

Trades fro 7th November,2012

Trade 1
























Short   CHK            From our watch list.

                                 Entry   18.10
                                 Stop     18.20

                                Target  1       18.00              1/3 +.10
                                Target  2       17.75              1/3 +.35
                                Target  3       17.55              1/3 +.55

                                This trade took us all day long. We were expecting CHK to drop
                                to 17 area. Didn't happen.

                                Still we walked away with great rewards.

                                 risk/Return    .10/.55   = 550%

                                 We will be watching CHK tomorrow for possible follow through.

Trades for 6th October,2012

Trade 1                                   The only one!

























Short ESRX              From our watch list.
          
                              ESRX had the signs that invetors were fleeing the stock after
                              earnings.
                  
                              Entry 54.45   Stop 54.55 
                            
                               We were stoped out  -.10




                              Second Entry  54.45
                                          Stop    54.55

                              Target  1  54.25               1/3 +.20
                              Target  2  54.15               1/3 +.30
                              Target  3  54.00               1/3 +.50

                             Third  entry    54.75   Stop 54.80
                        
                              Target  1            54.60             1/3+.15
                              Target  2            54.45             1/3+.30
                              Target  3            54.00             Never hit.
                              We were stopped out    1/3 for b/e.

                              Net trade     -.10+.55  =.45

                              risk/Return     .10/ .45   =450%

                             See how  you could trade the same stock through multiple entries.