Tuesday, September 16, 2008

Tuesday Day Trading: Short ADR Extreme Trade Final

Final on Short trade:

1/2 off at 1198 for $300 per contract
2/2 off at 1194 for $500 per contract

Total on Trade $800 per 2 contracts.

Please note that on extreme movements I have made the decision to allow myself more freedom on my targets. I had a double target from 3 to 6 points on the downward move, and I was looking for 1170 on a fallout.

My final profit stop or trailing stop was hit at 1194 or 10 points from entry today. I will now place myself on the sidelines and wait on the FED FOMC Rate Cut news.

Good Trades,

David AKA Tiger

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