Wednesday, May 14, 2008

Wednesday Day Trading: Long Trade ER


Another valid signal came in the ER today at 9:45AM Eastern Time. This trade after moving up I moved my stop to breakeven plus 2 tics. My stop was hit. Being a trader this can happen at times, so be prepared. More importantly, my goal is not to have a winning trade turn into a loser. There is a fine line on moving your stop to soon and not moving it and taking a full loss on a trade.

The decision points are off in this chart ... it should be for May 14th and not placed into May 13th here. The chart is not saving correctly today from the trading platform to my computer. This is also the same with the ZB trade as well.

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