Tuesday, February 06, 2007

Day Trade: Long NOV 30-min chart ***late posting***





Entry : $64.25




Size : 700




Exit : $63.65




Stop Loss : $63.65




Risk : 0.6




P/L : ($420.00)




R : -1.00
The first trade was a Dummy set-up that did not follow thru. An hour later, it offered another Dummy setup.




Entry : $63.64




Size : 700




Exit : $65.60




Stop Loss : $63.10




Risk : 0.54




P/L : $1,372.00




R : 3.63

4 comments:

Anonymous said...

hey mc, what's a dummy trade?

mc said...

this link would be the best resource for DUMMY style.

http://maoxian.com/archive/category/trading-for-dummies/

Eyal said...

Very nice traded MC. Those re-entered trades are always tougher to take.

mc said...

thanks eyal. It's always tough to re-enter a trade but it part of the business. I just look at it as another setup/opportunity which makes it somehow easier.