The Beer Report - June

Well after holding for more than a few days and watching the indexes move lower I felt it was time to take the hit and close this out.

out CHRS @ 7.95 .04-

looking at ADVS during the close
 
Covered UVN 31.22 .08+

Less than what was hoped for but with the stock stabalizing and the trade going beyond the intended time frame I took the trade.

While the 5 min chart looks good for a Jenna signal trade I just got in a little to early.
 
So I got to watch UVN crash just like it was supposed to right after covering my short.

Kind of a bummer:(

Within 10 min it was trading at under 31.00 a share.

While the signal did appear to work, I look for the crash to be a little quicker and not have the stabilization that we closed the posistion in. To many times during stabilization the stock will again move upward wiping out any gains and causing losses.
 
Originally posted by crazy_trader
You risking 80 cents to make 30 cents.
More...

Normally not. The post was about five minutes or so after the trade and as it became clear that the trade was entered to early I went with what the chart was telling me NOT what I wanted.

IMHO the last price does not care what price I got in at so I have to let the chart tell me when to add, or get out.
 
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