The adventures of a new Trader

un-intended day trade

Long 50 TSAI @ 33.20
sold 50 TSAI @ 32.80

stop: 32.80
pt: 34.00

profit - 34.00

review: A breakout that failed. Not a big surprise, and kept my losses small.

(chart posted in "breakouts" thread soon)
cm
 
5/14 - 5/21/07

long 100 gm @ 30.56
sold 100 @ 31.31

profit 61.00

review: This month has sucked so far. Other trades such as VTRX and TSAI have failed. It's hard finding good breakouts.
 

Attachments

Quote from cashmoney69:

5/22 - 5/24/07

long 100 MAR @ 45.81
sold 100 MAR @ 44.76

stop: 44.76
pt: 47.91

profit -119.00
More...

Just some friendly advice... if you are buying at the top of the range wait for the confirmation first. IE, for swing trades, I usually wait till 6 cents above the entry and set my limit order there.

Also, on your stop, why did you set it before the bottom of the mini range? The stock could have just as easily taken your stop and continued up and broken out.

Sorry if you are looking at different timelines here... but I hope that helps.
 
Quote from kidPWRtrader:

Just some friendly advice... if you are buying at the top of the range wait for the confirmation first. IE, for swing trades, I usually wait till 6 cents above the entry and set my limit order there.

Also, on your stop, why did you set it before the bottom of the mini range? The stock could have just as easily taken your stop and continued up and broken out.

Sorry if you are looking at different timelines here... but I hope that helps.
More...

If the breakout if real, then it should open higher and make higher highs, but most the time they are fakes, and thats why my stops need to be tight.
 
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