Journal of my thoughts and trades on the path towards achieving a consistent monthly income from day trading!
Wednesday, February 17, 2010
Adjusted Stops
I have tightened my stops on both NEP and SPU. For NEP, I have moved my stop loss from $8.40 to $8.50 and for SPU from $5.70 to $6.00. Now I have $163.70 (correction: $256.50 not $163.70) including commissions at risk as opposed to $322.70. I really would not mind getting stopped out of SPU. It is stalling and not advancing although most other stocks and the over all markets are advancing. I really wish I was not busy yesterday morning and got to enter FSII but such is life. I will survive.
Subscribe to:
Post Comments (Atom)
MY DAY TRADING RULES
I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...
-
I was stopped out of CNAM this morning for a profit of roughly $480.00 after commissions. My stop was a little tight but I do not mind being...
-
BIG PICTURE: Still in an up trend. Still long biased! MY BEST IDEAS: $RKT: Recent IPO. After an initial 2 day pop, it pulled back for four...
No comments:
Post a Comment