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

Thursday, May 27, 2010

Later in the day...


I added this practice-trade short in RIG during its last big push down at the 2:10 candle. I took it as it just started to break to a new LOD. Covered a bit early because I chose yesterday's late top (3:00 candle) as support. 25 cents off the low was close enough for me, considering the dayrange was $4.72. Turns out that the 1:50 to 2:50 pm base highs were the support of choice for the traders with enough juice to reverse a stock from its big daily slide.

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