A 70k bet that I can't make a 50% gain in 2009

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Q: Why didn't you use wick of the last low (i.e. red candle at 10:10) for stop?

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Only thing I really like to keep overnight ..is...um....well, I'm sure you can guess Nodoji. I want to keep this journal clean.

 

Mike...
Was great entry! Nice job.

 

Snake,
Good or Bad, I keep my bias. If it happens like you said, I will let it sell off and try to play the 1st higher low it makes.

 

Ok snake..
First , you are 100% correct! AT 1:56 I would not enter this trade. The entry was at 1:46, not 1:56.
This is the exact post on my journal....look at the time on the top and it will tell you what time was REALLY entered. I just typed it in wrong. Busy day at work today.

5-14-09 06:49 PM

5/14/09:


1:56 2000 FAS BUY 9.17
STOP 9.07
TGT 9.37

6:49 PM =1:49 New York time

 

SU,
I asked myself that same question as I got stopped out...honest.
The reason I put this one under my entry bar was because of my prior LVS trade that went .30 in my favor only to stop b/e. I didn't want that to happen on this one , so I needed a tighter stop to get a smaller tgt price (2 to1). Emotions took over on this one. Look what happened if I just traded the chart.
Lessons learned everyday.