Wednesday, December 9, 2009

-0.18 points, -0.45R, (Grade C)

I thought the day was done by 2 pm and stopped paying attention. Just goes to show you that you have be alert at all times. Opportunities are lurking everywhere.

2 trades today.
AGQ, a counter trend trade that stopped me out at the low of day. Bought it 58.76, stopped out 58.37. Stop was set at 58.5, but the slippage on this low volume stock was too great. 2 mistakes on this trade. 1) got in too early, no signs of turning yet. 2) stop set too close.



NLST, in 5.76, out 5.97.







(0.18)
(0.45)


Enter Exit Stop P/L points Initial risk R
long AGQ 58.76 58.37 58.5 (0.39) 0.26 (1.50)
long NLST 5.76 5.97 5.56 0.21 0.20 1.05

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