Wednesday, June 29, 2011

Daily Review - Chopped

Going into the day my focus was too trade light but I was liking the early morning strength in my stocks.    

Took 4 trades today and scratched all of them.

  1. Long TZOO 63.50 Stopped 63.50 
  2. Long ARBA 33.90 Stopped 33.84
  3. Long CMI 99.50 Stopped 99.50
  4. Long BTU 57.70 Stopped 57.69
Today was not a day to buy breakouts.  Besides CAT, all trades worked well as target trades but you needed conviction to buy early to take advantage of the moves.    

Tough trading environment until we get some real basing.  

Plan going forward is to be more patient and just wait for the daily charts to setup. 



No comments: