Sunday, January 21, 2007

Trade Nbr. 5 - 2007

Long March 07 Corn: Entered on Jan 19th - Closed on Jan 19th.

Entry: 412,0 -- Initial Stop: 410,0 -- Sold: 409,50 -- Result: -1,31 R (incl. Com)

Bullish in Screen I - At value in Screen II - Entry Set-up in Screen III - Stopped-out by my Initial stop.
Comments : Poor execution - as the market reversed I had 1 bar to work out a manual exit which would have allowed me to limit the loss to less than 1 R but ended up with a slippage as my initial stop-loss got hit, taking a bigger loss - lacked flexibility in my tape reading.....

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