Hi all, I just put together a quick video to review monsanto as today would have hit some of our
stops.
One thing to keep in mind is that not all trades are winners, and the goal is to minimize how much we lose in a losing trade. That is the purpose of setting quality stops. Here’s [...]
Today the market didn’t do exactly what I had expected, but Monsanto actually did. Last Thursday evening, after the market turned from a huge loss to a decent gain, I decided to sell 1/2 of the position towards the end of trading because of a recent trend of early week rallies.
On Friday, Monsanto actually had another down [...]
Before I get started on today’s topic, I thought I would review the trade so far:
Trade size – 100 shares
Trade opened short - 10/20/2008 at $89
Currently – 10/23/2008, stock price – $74.91
Profit – $15.09, or 15.83%
Posts About This Trade:
http://recordpricebreakout.com/new-hot-stock-pick-mon-short-10-19-08/
http://recordpricebreakout.com/monsato-mon-short-pick-update/
http://recordpricebreakout.com/trailing-stops-a-live-trade-example/
Managing Open Positions
There are many skills a trader must learn in order to take the most profit from [...]
#adp01
Today Monsato moved down by 10.4%, which takes our 2 day total to 13.9% profit.
Catching moves like this is exciting, and scary all at the same time. It is very tempting for many novice traders to become greedy, thinking that the money train is unstoppable. The other thing that can happen psychologically is for traders [...]
Today was a perfect example of taking advantage of a counter trend rally as a perfect entry point for a trade with the trend
Yesterday, MON was up almost 9%, however, during the recent counter trend rally, all up days have been on much lower volume the down days. Yesterday’s rise left the downward trend line [...]
