Wednesday, June 3, 2009



pbr was breaking daily lows. the FE 50% extension was at 42.12. the volume bar was huge and red so i shorted it. i shorted more as it broke through 42 but that didn't work out as well. should have shorted more sooner. .50 is too much of a move to be re-shorting. i should have got more short in the .30. lesson learned. it also is amazing to see how fast it ripped back up and then turned over once again.

i called it a day after one positive trade because it has been a couple weeks of hard knocks for me. i didn't want to give any back.

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