Purchase A Day Traders Business Plan for only $125

Thursday, February 25, 2010

Rocket - MYL

2 Minute Chart

(Double Click Picture for a Larger View)
.
Stock:MYL
Entry Bar: 12
Time Frame: 2 minute chart

Entry Green Line: 20.73 SHORT
Stop Red Line: 21.03
Result: .35
Setup Grade
: A-
Notes: Scale as you go. One way to exit it is a prior low or 20 SMA. Either way don't give up those gains when fading a stock.

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



0 comments:

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.