"A man is not finished when he is defeated. He is finished when he quits."

Friday, August 28, 2009

August 28th - A bit later...


Here's where it is now. I've been watching it (as well as eating lunch) instead of trading it.
It just closed above the 7 EMA at the 12:35 pm candle at $48.98. An exit on my trade here would have given me a gain of $4830.
However, this is a delayed/late exit. The ideal exit signal would have been at the close of the 12:15pm candle, corresponding to the high volume spike and long tail/wick on the candle. An exit here at $46.60 would have yielded $7,210 in gains. A nice trade...
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I'm outta here. We're going for a bike ride. Only for the afternoon, though. Bad weather coming in for the week-end so no overnights until next week.
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Good trading to all. May your endeavors be educationally and financially profitable!

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