Trading Is Risky But Simple

My name @DaChopa comes from being chopped out so badly for many years by the markets. I just share my experience real time to save sheep from being taken to the slaughter house.Do not copy my trade alerts.Just watch me trade live and understand the concept. Play small if you are new, very very small just to be in the game long enough to learn it. The only way to learn it is to stay in the gladiator arena long enough.You are entering a losing game before you plan to have any steady profits.

Monday, February 9, 2015

Recap CONN short trade

CONN
The set up: Daily had two days in a row up move, fairly overextended, I was looking for a possible gap up and run up from open to find a short entry.

I shorted at the second lower high , confirmed with lower low

The lower high was broken up, I decided not to take a loss.Instead I added to the loser. The stop was planned to be above 25,50.

I got stopped out at HOD per plan. After which CONN started dropping. I wasn't there for the move down. I went to CA to purchase lotto ticket for $500 mil power ball. I hate to say how I was going to trade it in a hind-site, I pretty much could say I was gonna do something similar as Modern Rock did. Happy that I've chosen the same stock to trade as him, Seems my trading improvement is going in the right direction, but still far from where I want to be.