I'm already out of 1/3 of my position at 99.70 which was 2:1 ratio and now I'm just gonna let it run..
I have bought another stock: EL Entry: 60 Stop : 59.91 The market seems to have turned a corner but I'm still pretty pessimistic. As you can see, my stops are so tight.. I just don't trust this market right now..
Interesting day!!! The bears actually followed through to the downside but the Fed saved the day. I personally do not trade when the Fed says anything as it can get very choppy and will usually stop you out.. Now, it's time for the bulls to follow through tomorrow which will confirm that the trend is intact. My guess is we'll move higher but be cautious..
I was going through my watch-list and I had a bullish feeling for tomorrow. It doesn't mean it's gonna happen but watch out for a good day and be aggressive if in fact, were going higher.. If not, then of course, be cautious..
Real Time Update: I bought LULU Entry: 63.82 Stop: 63. 79 Sorry, I was late writing this.. the reason I only have 3 cent stop is because I've already moved my stop up..
The Trade journal can be such a fantastic tool. I use mine as a reference guide to previous economic releases and how they move a market. It gives you a good idea how a market will react to economic data I have seen some who Blog their journals with daily charts of their trading day. Those can be so informative.