CVG: 07 May, 2008



Posted by lionel319 @ Thu 08 May, 08, 02:58PM under My Trades






07 May, 2008 - BTO May15c @ $0.70
07 May, 2008 - STC May15c @ $0.50


P/L : -28%


Comment:-
Read about the T30 trading pattern from www.swing-trade-stocks.com . Wanted to give it a tried, but didn't turned up to expectation.

No worries. Better luck next time.

One problem though, I shouldn't even had gotten into the trade. 2 mistakes here:-
- Stock is trading below SMA200 (which we should be long on that stock)
- Didn't even adhere to the 45min hold time entry rule. Dai Sei.






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