12 Dec – Long SVVS after Fed Announcement
Dec 13th, 2007 by Trader-15
I was “lucky” (“lucky” as described in Oz’s book) to have shorted SVVS when it broke down the 6th Dec.
11 Dec: Hoping to get lucky again, I went long SVVS (Patriot Scan) after the Fed Announcement on Tuesday as it had snapped back up and was trading relatively flat when all the indices were going seriously south.
Notes:
On 12 Dec: Moved Stop to:
- 1/2 of position at 26.25
- 1/2 of position at 25.65
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.
13 Dec
Lucky but not “lucky”… the opening gap down triggered both my stops.
Exited 1/2 @25.61
Exited 1/2 @26.18
Reward: 2.12 %
Trade Closed.
(It closed up about 6+% yesterday … bummer !)