(Double Click Picture for a Larger View)
.
Stock:COLB
Entry Bar: 2
Time Frame: 5 minute
Entry Green Line:19.56
Stop Red Line: 19.00
Result: small stop at 19.46
Setup Grade: B+
Notes: Not every trade is a winner but it's how you manage the trade. If you dont believe in stops then take a look at how this dumps, that red bar should have had the antennas up. Again its all about managing your risk, letting your winners run and keeping those losing trades to a minimal downside. This is great example.
Time Frame: 5 minute
Entry Green Line:19.56
Stop Red Line: 19.00
Result: small stop at 19.46
Setup Grade: B+
Notes: Not every trade is a winner but it's how you manage the trade. If you dont believe in stops then take a look at how this dumps, that red bar should have had the antennas up. Again its all about managing your risk, letting your winners run and keeping those losing trades to a minimal downside. This is great example.
* 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.
No comments:
Post a Comment