Saturday, October 20, 2012

Sold Google at 696.7

The day before, Google breached my 690 stop level and proceeded to a low of 680ish while I was sleeping. So today I resolved to cut my position and I sold it at 696.7 at a small loss of 0.5R. Normally I would lose 1R if I lose which is about half of the time.

For my keeper stock play, I enter half position size to be followed by scaling in of another half upon bullish confirmation. And that will be my full position for the keeper stock. And being a keeper stock, I tend to want to keep it for longer so my stop was at 2 degrees of support down, which is 690.

Alas the keeper stock breached my stop and I cannot keep it anymore. At least I can say I own GOOGLE for a week!

No comments:

Post a Comment

Search This Blog