Thursday, May 7, 2009


Two trades here stemming from the same idea. Overall, good execution. My inaccurate calculation of the lows of the first move cost had me give back some 13 ticks before getting stopped for a 9 tick gain with a 10 tick stop....needed to pull the plug with a market order when I missed the target but opted to use a trailing stop. That was the only mistake made in an otherwise good sequence. Second part of the sequence had the same entry (8473)..same stop (8483). This time adjusted my target limit with the all-important wiggle factor. Got out at 8458.

Can see other entries in there to ride the move down lower but had to leave after that second trade- not sure I would have pushed it anyway, but that's what I'm working towards doing.

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