Tuesday, August 25, 2009

Gpa and Go - RYL

5 minute chart

(Double Click Picture for a Larger View)
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Stock:RYL
Entry Bar: 2
Entry Green Line: 23.77
Stop Red Line: 23.51
Result: .50 to .80
Setup Grade
: B-
Notes: Here is a trade in which the result looks great but I got damn lucky and should not have made the trade. Very bad fill on very low volume, and should have passed. When you are having success its human nature to become complacent and not pay attention to the wide low spread volume I was getting. It worked out, stayed with my plan. Sometimes you get lucky

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

Learn to trade gaps

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