good, this was too much fun this week that i'm SERIOUSLY thinking of giving it a shot vs. the "grand parade of lifeless packaging"...if i do, please don't leave me standing here beckoning "Shane, please come back,Shane!"...Al-falfa Ladd.
thanx for your invaluable insight,sweetcheeks..got out in low 6.50's, both positions for about 100-buck loss..well worth the hands-on xxperience...now let's concentrate on neww opps for pops!..alfalfa.
We have a small lot and a target near 14. If you think it is just a drop and still think it has potential we may hold it through and not try for the $150 play.
What makes you make that call?
it is making a rollover pattern (rounded, convex congestion), a head and shoulders on the 5 minute, the 50 sma is convex down, reaching to cross down the 200 sma, support at 12 and 12.20, watching to add there, sold for about break-even.
There are trading lessons and execution issues.
We started with a limit over the ask at 12.50. Moved it to 12.48, then 12.47 and finally changed to a market order (to save commission costs) and filled at 12.41. Washed out at a $20 loss as opposed to a $20 gain at 12.49. Soooo, learning to execute properly and not chase up and down is a side lesson.
Filled my PARS at 1.42.
Would it be possible, and perhaps you did this before, to give an example of your typical journal entry?