Friday, April 3, 2009

overnight play stuffed no profit but no loss with stop shift

As we awake and take in the events it is hard to fathom  we moved the stop down and were stopped out on the overnight play-this does not make sense- Is it the north korea missile crisis
You can stop thinking it doesn't always behave as if it is sane in fact at times it acts certifiable
It jumping around right now we are bearish and suggest selling above 53 this morning always  and I mean always use a stop a quarter away- I will tell you we will not score on every trade but we will win on most and we always win more on each winner than we get stung by losers.
Case in point last night we took a reasonable play it moved in our direction slightly we shifted the stop down it reversed we were wrong we got stopped out we lose $7.50 commissions
we only really traded for 11 minutes y and yesterday we made over 462 we are just trying to show you how the system works and we make money today as well