Thursday, February 7, 2008

Free Fall - SEPR

5 minute chart

Stock: SEPR 5 minute chart
Entry Green Line: 25.93
Stop Red Line: 25.74
Result: .14 to .27
Setup Grade
: B+
Notes: nice volume on the entry candle.


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

3 comments:

anarco said...

Would you be so kind to explain the profit number? (or point me to where it is explained.)
Thanks,
anarco

How I Day Trade said...

I scale out as I go (selling 1/4 to a 1/2) and usually trail the remaining shares with the low of the last candle. I usually make something between the lowest and highest that I post - that is just showing the range if you maintain some discipline and scale as you go. I see you have a new blog, I will get you on my blog roll when I get a chance this weekedn to get you some hits.

anarco said...

Thanks!

Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE