Trades for 13th  December, 2012

Trade1

Short DKS                From our watch list.
                    
                                 Even though DKS was extended ,we thought there was one
                                 more leg down in DKS. But we were cautious. So we reduced
                                 our share size to 1/3.

                                 Entry    45.30/Stop 45.35   We were stopped out -.05

Trade 2

Short  DRI                    From our watch list.
                                
                                     Short 45.55  /Stop 45.60    We were stopped -.05.

Trade 3

Short   ROST                From our watch list.

                                     This was our last trade  win/lose. Because we were coming
                                     from  two  losers  in the morning.

                                     Did ROST ever deliver.

                                     Short   54.37/Stop 54.50

                                     Target   1     54.20              1/3 +.21
                                     Target   2     54.00              1/3 +.37
                                     Target   3     53.75              More for +.50
                                     Target   4     53.50              More for +.87
                                     Target   5     53.00              Never hit.  We covered last for +.77
                             
                                      risk/Return     .13/.87   =  670%

                                     Look at the chart .ROST dropped all day long. We hardly had
                                     anything to do but manage our trade. That is trade management.
                                     You have to know how to manage your trade.
                                    
 

                              

Trades for 12th December,2012

Trade 1

 

Short WMT                From our watch list.

                                   Entry 69.50 /Stop 59.60

                                   Target   1       59.40              1/3 +.10

                                   Target   2       59.25              1/3 +.25

                                   Target   3       59.00             We covered 1/3 for +.40

                                   risk/Return  .10/.40  = 400%

Trade 2

                                 

Long DG            From our watch list.

                           Entry  43.35/Stop 43.30

                           Target  1        43.50               1/3  +.15

                           Target  2        43.75               1/3  +.40

                          

                           We moved stop to 43.60

                           Target  3         44.00              more  +.65

                           Target  4         44.25             All out   for   +.90

                           Incredible trade.

                           risk/Return     .05/.90   = 1800%