Monday, January 29, 2007

Day Trade: Long CTRP 30-min chart

Entry @ $71.00 / 700
Exit @ $72.11 ***update 11:58am***




Entry : $71.00




Size : 700




Exit : $72.11




Stop Loss : $70.20




Risk : 0.8




P/L : $777.00




R : 1.39
The daily chart of this stock was showing a perfect dummy setup but I missed the entry so I waited for it to break the 52-week high before I entered the trade. Entry was on the 3rd cstick on the break of the 52-week high from 2 days ago. Sold the position on the first sign of a pullback.

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