Tuesday, March 27, 2007

Trade Nbr. 23 - 2007

Short May 07 Soybeans: Entered on March 27th - Closed on March 27th.

Short: 758 2/8 -- Initial Stop: 761 4/8 -- Covered: 759 6/8 -- Result: -0,46 R

Barely Bearish in Screen I - Uncompleted pullback in Screen II - Entry Set-up in Screen III - Stopped by my trailing stop.

Comments : Bad trade, made many mistakes in this one:
1. Screen I is basically neutral and not bearish !!
2. Pullback in Screen II did not reach value...
3. Initiated the trailing-stop too early !!

Difficult to mismanage a trade in all 3 screens.... but today I achieve it !!

No comments: