Tuesday, May 19, 2009

hbc,dks

two trades...one winner, one loser

bought hbc on a pullback to the 50%...14:17 @44.63...sold 14:31 @44.89



traded dks because of the tight stop i could put on it @ .91 and it had just rallied 6 bars and was bumping into 25% fib extension. it also had traded above the 20 sma, but i took this as a sign that it would pull back not that it would be strong. lets see what happens by the end of the day. for now i am out of the stock.

dks shorted 14:42 @ 18.80. bought back at 14:54 @ .91. because of the tight stop i bought some more size but still ended up with the same amount of loss as usual...around $25.



i should probably stop trading now because i am just annoyed with myself. i could have had some big winners today if i could just hold on. time for a short break.

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