Trade 1
Short MMR From our watch list.
We have been watching MMR for a few days for signs
of cracks. And we found it in the afternoon.
Entry 8.96/ Stop 9.10
Target 1 8.86 1/2 +.18
We quickly lowered our stop to b/e.
Target 2 8.50 But we covered all for +.3
Reason: Normally we would wait for the stock to come
up and take us out. We had a mediocre week. SPY
had been absolutely choppy. And we wanted to end the week green as much as possible and
weren't willing to give up too much.
risk/Return .14/.36 = 257%
Trade 2
Short WLT Again form our watch list.
This trade also came up in the afternoon after
nice morning run up.
Entry 18.75 /Stop 18.90
Target 1 18.50 1/2 +.22
We quickly lowered out stop to to .75 to b/e/
for the same reason as in Trade 1.
We were stopped out and WLT continued to 29.75.
Very slow week ,however we managed to finish it
decently green.
Remeber, protecting your capital is number one rule.
Finishing day/week green makes you psychologically stronger.
