Tuesday, December 2, 2014

Closed WFM. small loss taken.

The WFM breakout never got going. So what? Many breakouts fail. I kept the stopped out on the 6MA, kept the loss small and the overhead low.

Entry 49.08
Exit: 48.40 -.03R

Although this lost money, this was a fantastic trade. My price alert was hi, so t I bought. My stop was hit, and  I sold.  The position was sized appropriately so my loss was small if the trade didn't work.  If if it did, I would have taken advantage.

 It is the trades I lose will determine my ultimate success as a trader.

No comments:

Post a Comment