Don's Opening's Journal....
- Thread starter Don Bright
- Start date
I use the Redi opening indications (sorted by sectors) to get a good idea of where the $$ is going at the opening. This helps in determining my envelope for that sector.
3 for 3 today, small gain ($530). Should have made more $$ in MRK today, I made 10 cents, my brother held on and made 50 cents. (darn older brother!).
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Originally posted by Don Bright
3 for 3 today, small gain ($530). Should have made more $$ in MRK today, I made 10 cents, my brother held on and made 50 cents. (darn older brother!).
Don, how about a little wisdom on trade management. The Edge would have been stopped out on this trade using a straight .25 stop. (short at 59.60 out at 59.85) It's also easy to see how you could have made a .10 profit anytime after the high at 59.85 was made. You got a break to 59.27 and things are looking pretty good except you get a reversal bar with a big tail (5 min bars). Price goes back to 59.81, and Bob held through that rally- Would he have gotten out if the price had made a new intraday high?
When did you get out, and what was your reasoning?
Thanks.
