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RE: SIMSCI 05-Jul-2006: Short trade closed

by Gav Leave a Comment

Rooney said ‘All I need is a goal’, he failed to get one. To me, ‘I need a good trade’. I got it. I am back to business today.
Short postion was established at 292. It missed my entry 292.3 though. Initial target is set at 290.7 which appears be a intraday support level. I have two initial stop loss levels at 293 and 292.2 to protect capital. Target was achieved perfectly. In fact, selling was so fierce that out of my expectation. It hits a low of 289.3. If I caught the bigger profit, that will be a bonus, otherwise, reaching my planned target is good enough for day trading.

One trade closed with +1.3 gain. Not so big, but good execution.

Chart will be posted after market closed.

Filed Under: Rant Tagged With: SIMSCI

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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