Trades for 11th April,2013

Trade 1

Short HPQ   Form our watch list.

Entry 20.92/Stop 20.01

Target  1    20.75     1/3 +.14

Target  2    20.50     We we stopped out.

Reentry     20.98 /Stop 21.05

Target   1                 1/2 +.14

Again we were stopped out  1/2 -.07


After that  we did not bother with it. But later on it dropped to . 20.60 again.


Trade 2.

Short FTNT  From our watch list.

We tried to short it twice and both times we were stopped out for -.03 and -.06 respectively.

We continued to watch FTNT for another entry.

Surprise! We reversed and went long.

Long    18.01/Stop 17.95

Target 1   18.08      1/3  +.07

Target 2    18.25     1/3  +.25

Target  3   18.48      more +.47

 Target  4    19.00 and wea    surprise!    

FTNT just shot up  to 19.20 area .We quickly covered all  for +1.09!!


risk/Return     =.06/1.09   =  1800%       (18r).

Look no further. Walk away. We were looking for 1:3 or 1:4  and we were handed 1:18.

You have to know when to walk away.