RE: SIMSCI 11-JUL-2006: 2nd trade: Short trade closed
July 11, 2006 – 3:23 pm
It is indeed not so good day to me. I have two losing trades today. Second trade was a SHORT on SIMSCI at 288.9. After the spike of afternoon session opening, SIMSCI looked weak.
Trailing stop was moved to 289.5 and triggered. Instead, a ‘W’ bottom is in the making and RSI starts making higher lows and MACD moving above trigger line.
Second trade closed with -0.6 point loss.
Trade summary:
Direction: Short
Entry: 288.9
Exit: 289.5
P/L: -0.6 points.
That’s all for the day. No trade will be made to avoid any potential emotional trading.
From the desk of Tradergav.com
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