Thursday, April 12, 2007

Trade Nbr. 32 - 2007

Short June 07 E-Mini S&P 500: Entered on April 12th - Closed on April 12th.

Short: 1451,00-- Initial Stop: 1453,25 -- Covered: 1452,50 -- Result: -0,60 R

Bearish in Screen I - Attractive value in Screen II - Incomplete Entry Set-up in Screen III !! - Covered too late as the bearish set-up was cancelled in Screen II !!.

Comments : Bad trade.... I kept stuck with my initial plan for the day and was not flexible enough to recognize that the odds were not very much in favor of this trade !! I should have paid more attention to Brett Steenbarger's post about the importance of staying flexible in front of the price action:

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