Monday, January 26, 2015

Closed CALA

This goes in the Oh Shit category. On Friday it closed at the 10 week average, which was my mental stop. In then opened much lower with a wide spread.  I waited it out back to 18.90 and then banged it out.  Of course, it retakes the 10 and pushed higher. 

This is a lesson that with Kate Moss stocks I need to trade much lighter.  It's better to add once the volume comes in. 

Entry: 22.75
Entry  20.54.
Exit: 18.90 This went for a 2% loss which sucks but was within limits. 

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