Trades for 19th December,2012

Trade 1

Short AEM                        From our watch list.

                                         Short  51.50 /Stop  .70
                           
                                         Target   1    51.25               1/2 +.25
                                         Target   2    51.00               Never hit
                                                              We covered  1/4   for  +15 and again for +.15

                                       Yes we made money.But  since we did not covere fast enough
                                       near  target 2   we took in lot less than  we should have.
                                       
                                        
                                         
Trade 2

 





















Short  PNC                     From our watch list.

                                       Entry   59.26/Stop 59.40

                                       Target  1          59.00          1/2 +.21
                                       Target  2          58.75          1/4 +.40
                                       Target  3          58.50          Never hit. Covered 1/4 +.60 EOD

                                    This  late trade turned out to  be the best.Slow but moving in a
                                     predictable manner ,only that we ran out of time.

                                    risk/Return      .14/.60    =400%                    
  
                                   
                                          

Trades  for 18th December,2012

Trade 1                                   Perfect storm  without wind!

Short SWHC                   From our  watch list.

                                        The daily chart and morning gap down was the perfect short set up.

                                       Entry    7.97/Stop 8.10

                                      Target   1    7.80                 1/3 +.17
                                      Target   2    7.50                 1/3 +.37
                                      Target   3    7.00                 never hit.                  
                                      We lowered   stop to  .80  and covered 1/3 +.17

                                      This trade had everything going for it. Perfect entry,Low risk,plenty of down
                                       side ,but only thing is it just didnt go down enough.
                                 
                                      We gave it the whole day, but it just didn't fall down the way we expected.

                                      You can only take what the market is willing to give you.
                                      And we walked away happy.