Monday, January 12, 2009

Review

I was looking at by traders of SRS and FAZ, i sold them for profit but too early. Today morning i sold SRS at 61.75, which i bought at 55.00 on Friday. Currently it is running at 66.27 (@10% more than i sold for). I had my stopped too close and it kicked me out. I am frustrated.

Same thing is for FAZ, which i bought &35 and sold at@38, last week. It is running at 48 after two days. Its just too tight stop in fear of losing profit. I am happy that i made profit on it but little patient can give me more rewards. I think i need to pay more attention to my trading rules and wait for stops to hit property rather keeping them too tight.

I will keep refing my rule more. I will write note about my trading rules and setup in few days.

No comments: