Tuesday, 23 December 2008

Trades 23/Dec/2008

Watchlist:
AMAG,COV,HNP,IBN,LLY,MON,MT,NUE,OXY,POT,PRU,
PXD,SINA,SU,KSS,WHR

SINA (gap down) (Fade)

Although the first candle was red, we then had an uptrend with green candles. This along with my view that market was looking strong was reason for long entry after the 5th candle and after the previous day's low had been breached.

Entry: 23.48 Stop: 23.10

Unfortunately it didn't work out and we were stopped out for a loss. In hindsight perhaps not the best pattern. Also perhaps a bit guilty of forcing a trade when nothing else was setting up.

Anyway, no other trades today. Tomorrow is only a half-day so not sure if I will trade or not. So in case not > Merry Christmas to all readers and I hope you have a nice holiday.

5 comments:

Thomas said...

Wishing you merry christmas and a happy new year.

Thomas

rudy said...

Your are the best!. It was a wonderful experience sharing your day to day ups and downs on the market. Someday, I hope to find the courage to do the same.

Thanks again for sharing a great year of fantastic trading and blogging.

Hope next year you will double your personal and trading success and blog more on your other interests in life as well.

A very happy and safe holiday season to you and your loved ones.

Rudy

TraderAm said...

Thanks Thomas, Rudy

Z said...

Have a great christmas AM!

Z said...

Have a great Christmas AM!