This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
This week was a short week as I only traded 3 days due to the Fed meeting and my scanner being down today (Prophet.net). I tried to use a couple other gap lists today to trade with, but I just wasn’t in the groove without my regular scanner. I am happy that I waited for my targets this week but not so happy I took sub-par setups. My charts say it all of course.
Lessons learned: Just because there is a high probability of a stock moving in your direction does not mean there is a low risk opportunity to trade it. And trying to enter it 3 times is not such a good idea either ;).
| Total P/L: | 4.7 R |
|---|---|
| Trades Taken: | 11 |
| Winners: | 2 (18.0%) |
| Break Even Trades: | 4 |
| Losses: | 5 |
| Expectancy: | 0.43 R |
| Biggest Winner: | 4.9 R |
| Biggest Loser: | -1.1 R |
This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
