Marketgeometry

Friday, May 16, 2008

Friday Trade Review

There was not much trading. I took a couple of break even trades early in the morning after the big mouth stocks did not pan out. Then I sat and watch. And I sat and watched some more. Then I said screw this and had lunch with the wife. Came back and sat and watched some more. Finally things woke up in the last hour. I caught a trade in FCX when I was breaking out over 123. It run to about 123.90 and I was in heaven until it fell back and hit my stop at 123.40. The low was 123.39. It run to 125 with out me. That could have been one big trade for me. I thought a 50 cent stop was good. Not this time.
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The numbers:
Stocks: gross +39 net +77 shares 3200
Stock Futures: gross +20 net +10 contracts 4
Forex: none

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