Thursday, March 26, 2009

Gap and Go - SPWRB

5 minute chart

(Double Click Picture for a Larger View)
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Stock: SPWRB 5 minute chart
Entry Bar: 2
Entry Green Line:23.03
Stop Red Line: 22.51
Result: .48 to 1.13
Setup Grade
: B+
Notes:Scale out and get the stop to even, would just miss a huge winner. It happens and stick to your rules and stops.

* 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.

Learn to trade gaps

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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