FPM (Follow the Plan Man!)
- Thread starter deaddog
- Start date
Added a couple EOD Trades
PAET @ 4.75 Stop @ 4.40
PMI @ 3.66 Stop @ 3.40
Will watch these on tomorrows open for a quick trade.
More on dealing with stops: Stops are not hard stops. Depending on the trade strategy, price is monitored on different time frames.(5 min,15 min, etc.) For a stop to be triggered the bar or candle of the time frame being monitored has to close below the set stop. If price trades below this bar the stop is exercised.
Today ISSI dropped briefly below 8.40 but the bar did not close below 8.40 so no stop was triggered.
Todays P&L: $186
Overnight Hold:
TSE:MBT
TSE:TRE
COL
FLEX
ISSI
PAET
PMI
PAET @ 4.75 Stop @ 4.40
PMI @ 3.66 Stop @ 3.40
Will watch these on tomorrows open for a quick trade.
More on dealing with stops: Stops are not hard stops. Depending on the trade strategy, price is monitored on different time frames.(5 min,15 min, etc.) For a stop to be triggered the bar or candle of the time frame being monitored has to close below the set stop. If price trades below this bar the stop is exercised.
Today ISSI dropped briefly below 8.40 but the bar did not close below 8.40 so no stop was triggered.
Todays P&L: $186
Overnight Hold:
TSE:MBT
TSE:TRE
COL
FLEX
ISSI
PAET
PMI