Monday, August 20, 2007

Monday's Trades

KO (11:49:46)
Entry price: short 54.46
Expected gain: 14 cents @ 54.32
Expected stop loss out: 54.52
Actual stop loss/gain: gain 4 cents
Reason in: holding steady at resistance level, futures lowering, a lot more offers (big ones as well) than bids. Seeing a big offer at 54.50 makes me feel pretty good about it and after not moving for a long time I decided to take profit just so I can be on the positive for the day and really I know I should've stayed in it.

M (13:53:22)
Entry price: short 30.98
Expected gain: at least 18 cents @ 30.80
Expected stop loss out: 5 cents at 31.05
Actual stop loss/gain: loss 5 cents
Reason in: can't seem to break through resistance level, sees lots of offers on the open book, futures trending down.

MO (15:00:25)
Entry price: long 67.29
Expected gain: at least 18 cents @ 30.80
Expected stop loss out: 7 cents at 67.22
Actual stop loss/gain: loss 7 cents
Reason in: trending up on higher volume, futures breaking out to new highs

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