Thursday, July 24, 2008

Gap& Go Short - DAI

5 Minute Chart


Stock: DAI 5 minute chart
Entry Bar: 2
Entry Green Line: 60.44 Short
Stop Red Line: 61.04
Result: .48 to 1.06--- about 1R total
Setup Grade
: B+
Notes: Scale out, held about 1/4 to close but stopped out at my entry point. Nice quick gainer

* Sold the last of my WM in the IRA, in cash now - so end result was 50% gain in FNM and 50% gain in selling half of WM and 10% gain in selling the last half.

http://howidaytrade.blogspot.com/2008/07/gap-and-go-short-itw-ira-long-term-play.html



* The grade is for the setup outlined in my buseinss plan & not for the end result. Feel free to post any trades you made today that you would like commented on

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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