Thursday, September 16, 2010

A daytrade example



Why I take profit at same day I entered? The profit shows up too big and too quick and the general market condition is not a strong trend, like today. I don't want to take further risk. Now I use daily chart to find my candidates that have to about to break out. Then I use 5 min chart to get in and out. I got in JOBS at $30.44, out at $31.8.

Sorry if this does not sound a typical day trade, but it fits my belief and strategy. Hope you find yours too.

2 comments:

First thing you need to read on my blog said...

Thanks, this post answers a lot of my questions. :). and I quite like the fresh look of your blog, haha.

UCLATRADER said...

thanks:)