« 33 stocks closed at all-time lows
My other two stocks for the next 9 months, FCStone Group, Inc. (FCSX) and LKQ Corp. (LKQX) »

A dummy a day: China Technology Development Group Corporation (CTDC)

Since day trading is a lot about recognizing the patterns in charts, I have decided to post a chart every day that would have resulted in a profitable dummy trade. I will post these in the dummy-a-day category which you can simply click to review for practice. The chart will be displayed as it looked when the trade should have been executed, and when you move your mouse over the image, it will show how the trade would have resulted.
CTDC set up nicely today:


If you bought CTDC when it broke above the 11:00 candle at $5.54 with a stop below it at $5.44, you would only risk 10 cents. Holding until the end of the day would have given you about 155 cents for every share you owned, or 15.5 times your risk.


This entry was posted on Tuesday, December 4th, 2007 at 11:35 pm and is filed under A Dummy a Day. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.