I need to trust my charts, and trade according to my plan. Bought LPX as a swing play yesterday. The plan was an entry @ $8.21 (above previous high of flag) and a stop @ $8.01 ($0.01 below previous day's close).
Executed my entry, but sold for a $0.05 loss (thought stock was thin). Today, it B/O. PATIENCE, STICK TO MY TRADING PLAN. OBEY MY RULES. Rather simple.
Followed JL into YRCW swing/positional. Nice flag B/O today. Initial target is 100 day MA @ $4.50, then the 200 day @ $6.57
Swing position in VG as well. In hindsight, entry should have been made on break of the flag's high $3.39, rather than break of day's high ($3.31). Nonetheless, I like the look of this flag and have an average price of $3.3033. Initial target is $3.77, then $4.43.
Traded MU on break of previous day's high $10.11 with good volume. MU reversed @ 10.20, and I was stopped out @ $9.97. Still like this flag, but no position presently.
Tomorrow, look for continuation in YRCW(4.26), TUES(5.02), CATY(17.51), ELN(7.10), SMOD(6.75), IO(9.01), PCS(13.51), LWSN(9.65), OCZ(7.88), GRT(9.01), LXP(8.46).
No comments:
Post a Comment