15 Nov – Short UCBH | Stock Commentary

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15 Nov – Short UCBH

Nov 15th, 2007 by Trader-15

Source: Helicopter MD scan

UCBH may have found a top at the 50dma following 4 higher closes. It closed below the 50dma yesterday. If yesterday’s high is not taken out today, enter when R/R is good (>3) and use yesterday’s high as the Stop.

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Posted in Stock Trading Class | 1 Comment

One Response to “15 Nov – Short UCBH”

on 17 Nov 2007 at 3:05 am1Trader-15

Status:
Exited Same Day @16.87. Reward : +0.88%
Notes:
- This baby (UCBH) went lower and met my target the next day ! Bummer !
In the last 2 days , I have had 4 trades where I have exited early/stopped out with minimal profit like this one. The tough part is they then went on to meet my target the following day ! tough choppy market !
Thinking about ….
“It never was my thinking that made the big money for me. It was always my sitting. Got that ? My sitting tight! It is no trick at all to be right on the market” — Edwin LeFevre

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15 Nov – Short UCBH

One Response to “15 Nov – Short UCBH”

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