Sunday, March 3, 2013

Trades for 28th February,2013

Trade 1





















Short  PKT                 From  morning gaps.

                                  Entry 11.99/Stop 12.02

                                  PKT was a low volume stock,But gapped down big today. We missed the
                                  early entry and waited for a secondary entry,which we took.


                                  We were stopped out .Reentered at 11.99 again with same stop but we got out
                                  as it was just basing without any real movement. Later it dropped 11.60.
 
                                 Our target was 11.50

Trade 2




















Short  DLTR                From our watch list.

                                   Entry 45.65/Stop 45.75

                                   DLTR collapsed very fast after entry.

                                   Target  1 45. 50           1/2 +.15
                                   Target  2 45.25            1/4 +.30
                                   Target  3 45.00            1/4 +..45

                                   DLTR dropped  to 45.01 in a flash and bounced. It was too fast  for
                                   us to have exited.

                                   Nevertheless  it was a tremendous trade at the end.

                                   risk/Return     .10/.45      =450%





     

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