Friday, March 16, 2012

30 Minute Breakout - DO....Stopped out and then it took off!

Daily Chart


5 Minute Chart

30 Minute Chart

 

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Stock: DO
Entry Bar: 8
Time Frame: 5 Minute
Entry Point: 71.10
Stop: 70.90
Exit Goal: 71.95
Result:Stopped out
All or Nothing Result: Stopped Out
Notes: As you can see by the 30 minute chart the stock had a great day. But I was shook out as I took a tight stop looking for a big winner.
* All or Nothing means to place a trade, set a exit goal and a stop, and not to manage the trade unless it’s the end of the day. 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