traders only for wednesday, 05132009

BZ

we were stopped out today with about a 40% profit after holding for 3 sessions. BZ doesn't show in my screen today, but we may take another bet. do your homework before even considering.



RAD



RAD was good for today. This one has a good run left in it. lets hope the market agrees. price action is very bullish. again do your home work. set and stick to stops. any out-sized profits means take some money off the table to realize some cash!

look for price action early and enter on temporary weakness.

lets have some Fun Trading!!

Posted via email from fortypercent's posterous

funky trading day

sorry readers, i'll need to learn how to post better. my last post left out some good charts.

from yesterday's post, our trader, RAD did the best. other picks fared as did the broader markets.

as i pointed out. the market is up against resistance. today it stalled.

the  coming days trading will be telling if a correction is starting or if the run continues.

 

the LEA trade i mentioned a few post back is a trade gone bad for me. it is a very good example of being suspicious of the market for a stock and not being decisive. the lesson learned is take a profit and don't look back. be swift and ruthless!!

 

that's fun trading 

Posted via email from fortypercent's posterous