Trade 1
Short FB From our watch list.
We continued to hunt FB .
Entry 19.13
Stop 19.18
Target 1 19.00 1/3 +.12 (got filled for a penny less)
Target 2 19.80 Never hit. 1/3 +.10
We lowered stop to .13 to b/e and stopped out to b/e.
risk/Return 0.05/.12 =240%
NOt what we expected.But we were glad to take it.
Then FB climbed $1.00 to 20 !
Trade 2
Short CDE From our watch list.
CDE was near support level. We were waiting for
an entry below support.
Entry 23.98
Stop 24.12
Target 1 23.88 1/3 +.10
Target 2 23.50 Never hit . It bounced back
over support. So we covered 1/3 +.09
CDE dropped to .70 we cored rest on the bounce at
+.09 again.
risk/Return .12/ .10 = 83%
We want far more than this. But still were came out green.
Here is a trade,even though we made money that did
not behave according to our plan.
Did we stick to the plan ?Yes.
Did the plan work? Not quite.
Lesson: Despite our best planning,
ANYTHING CAN HAPPEN.
Be prepared.Learn to trade.
Stick to rules.Discipline yourself.
We will be watching CDE for long/short entry tomorrow.
