Results 11 to 13 of 13
12-06-2011, 03:51 PM #11
Covered the remaining shorts, all out.
12-06-2011, 04:02 PM #12
GOOD good u i was worried for a bit.. shorting at 14 and letting it run to 16s means if ur keeping propper reward to risk ratio's you would need a 6.00 gain to justify the risk. even a 2-3 dollar gain would be a bad trade... u had the right idea just bad entry,exit, setup.
when a technical trader starts using fundamental news to rationlize technicals its a sign of a trade gone bad. im glad u got out. good job.. lets get the next one!!Kunal Desai
12-06-2011, 08:32 PM #13
Correct, little pre-mature early enter, but sometimes you just got to get into them, just to feel them out. At one point, in 16.40, I was sized in and had it gone up a little, I would had probably pulled the plug. I thought my position sizing was good, but after this trade, I need to lower them down. It tested my comfort level and I wasn't ready yet. Thanks