This blog is about my insights, thoughts, feelings, and experiences as a DayTrader, Traveller, a Grandpa and a Farmer/Businessman.
Tuesday, May 22, 2012
MY TUESDAY'S TRADE SET UPS, MAY22,2012
DOW will definitely continue to go north as in yesterday. I will augment my position therefore with the followings stocks:
STOCKS SHARES ENTRY EXIT
1. BIDU 230 121.75 129.55
2. MA 60 410.58 419.99
3. WYNN 240 104.17 107.01
4. PCLN 40 657.58 681.85
5. CAT 274 91.98 100.66
6. YHOO 1650 15.58 16.72
As soon as each stock hits its price target, i will gonna head for the exit and take profit. My indicators showed that above stocks will move up with the market.
So let's see how well i trade today :)
Note: Above are mine alone and does not constitute a
recommendation to others.
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1 comment:
The market didnt turn out as i expected. Though it opened up quite high, bad news coming out of EU dampened the market to end where it started. My set ups however proved that in this high market volatility, its better to daytrade. I exited when my stocks started to go down..for still a modest profit. Had i done swing or buy & hold. i'd have been wiped out and had to wait till market rebounds.
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