Three Trades, One Worked
July 9th, 2007I made three trades today, one of which worked to bring me into the green for the day in the last half hour. Longs outnumbered shorts by about 7 to 1 on my trading list today which is a little strange considering my only winning trade was a short sell in PLCE. It took forever for PLCE to break. This is a trade that I would have bailed on for a loss a few months ago – instead I hung in there and the price finally dropped after 3:30PM. I’m always a little uneasy taking setups like this since its so near the low – the that inverted hammer looked too good to pass up.
I also took a losing trading in ALNY. I’m actually trying an experiment in an attempt to trade more opportunities – we’ll see how that goes. This was part of that experiment.
Here’s one that I didn’t take, but would have worked out well. I had it all loaded up in my trading platform, but I passed at the last minute.
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