TRADING PLAY POSTS (below)

Below you will see (sporadic) posts of trades I have taken, with write-ups of each. Although most posts displayed are of winning trades, please know that I "do" make my share of losing trades.

Look through the following trade-shots to see if you would have made the same trades, and if (according to your trading plan) you would have managed them differently, for better or worse.

In any case, my mind-set has been captured in these posts and hopefully you can take something from them.

Friday, May 16, 2008

5/14/08: CHKP - Gap play


CHKP gapped up on 5/14 over daily Major Resistance. It traded down and made an appoximate 50% gap fill, then traded back up and based in the top 30% of its opening price - bullish! As soon as the price on the 2' chart met up with the r20ma, it broke out over the base, giving a nice tight stop and decent Reward to Risk ratio. See what happens next ----->
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