Trade 1
Long CRUS From our watch list.
Entry 29.85/Stop 29.75
Target 1 30.00 1/2 +.20!!!
Target 2 30.20 1/4 +.35
We moved stop to 30.10 1/4 +.25
risk/Return .10/.35 = 350%
But the real trade was a short. It dropped nearly $2 from the high of day.
Trade 2
Short JCP From our watch list.
Entry 17.85/Stop 17.90
Target 17.60 We covered all for +.14
risk/Return -.05/.14 = 480%
Second entry 17.75/Stop 17.85
Target 1 17.50 1/2 +.20
Target 2 17.00 1/4 +.35
We lowered stop to 17.70 1/4 +.05
risk/Return .10/.35 =350%
Long JCP Third entry 17.73/Stop 17.66
Target 18.00 1/2 +.10
Moved stop to .70 1/2 –.03
risk/Return +.07/+.10 = 142%
Fourth entry 17.73/Stop 17.65
Target 1 18.00 1/2 +.10 /1/4 +.20
Target 2 18.20 more +.40/+.54/+.65 Then we covered all for +.45 at EOD!!!!
risk/Return .08/.65 = 800% !
We took 4 trades off of JCP .We shorted JCP twice and went long JCP twice.
And that was all we did today. Another gainful day at the river. Cannot ask for more. Control predictable
pattern.
