Trade 1
Short SPLS From our watch list.
Short 14.73/Stop 14.80
Trade 1 14. 50 1/2 +.23
Trade 2 14.00 Never hit .We covered 1/2 @.21 for+.52
risk/Return .07/.52 = 742%
This was a very low risk set up .We got out exactly where SPLS turned up.
Trade 2
Long NTES From our watch list.
Scalp trade.
Entry 53.07/ Stop 52.99
We were all out for +.23 on this trade.
risk/Return .08/.23 =287%
Trade 3
Short WLT An intraday pick on news.
WLT jumped big on some news. We tried to short at the top
for a quick scalp. We got stopped for -.15.
Then WLT dropped $1.00 without us.
We were about to reenter the trade when it dropped. We were not sure
of the entry.
Lesson: When in doubt ,walk away.
Trade 4
Short SEE From our watch list.
Entry 22.63/Stop 22.75
Target 1 22.50 1/2 +.13
Target 2 22.00 1/4 +.63
Target 3 21.50 more +1.13
Target 4 21.00 Never hit. We covered last for +1.13 again.
risk/Return ..17/1.13 = 664%
Trade 5
Short WMT From our watch list.
We were stopped out twice by WMT. For a total of -.18
We walked away. But after dragging along the entire day WMT finally
dropped to 68.30 .Our target was 68
All in all we had a great day even with being stopped out by WMT and WLT.
Only two (SPLS and SEE) were real trades with NTES scalp.
Our bucket was full,and we walked away with gladness.
Tomorrow is another day at the river.
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