5 Minute Chart
(Double Click Picture for a Larger View)
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Stock:AKAM
Entry Bar: 2
Time Frame: 5 minute
Entry Green Line: 27.80 Short
Stop Red Line: 28.15
Result: Stop
Setup Grade: B
Notes: Always getting questions like "do you have losing trades"....everyone does its part of the game. What separates the winners from the losers is how you manage them.
Gap up into 5th up day, over extended with bearish red first bar on the 5 minute chart....looking to exit some at high of previous day and gap fill. Nice setup but they don't all work out and this is why you STICK to your stop, there is always another day and another trade.
Time Frame: 5 minute
Entry Green Line: 27.80 Short
Stop Red Line: 28.15
Result: Stop
Setup Grade: B
Notes: Always getting questions like "do you have losing trades"....everyone does its part of the game. What separates the winners from the losers is how you manage them.
Gap up into 5th up day, over extended with bearish red first bar on the 5 minute chart....looking to exit some at high of previous day and gap fill. Nice setup but they don't all work out and this is why you STICK to your stop, there is always another day and another trade.
* 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.
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