Tuesday, January 8, 2008

Swing Long 1 YM at 12660

Catching a falling knife is definitely not a good idea, but I do have a protective stop. I see lots of fear in markets now, which means we're ready to bounce up.

Entry: Long YM at 12660
Stop: 12567
Target: Open (Will trail)

Result: +$10.74
Stopped out at 12663 or +3

Maybe I was too aggressive for a salmon trade. :(

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