I’m going to start posting trades that would have failed as well as these winning trades. That way there will be more mystery and anticipation before you hover your mouse over the chart. And maybe it will help to see the differences between winning and losing setups (if there are any such differences).
ISRG set up for a nice low-risk entry. But did it pay off?
If you shorted ISRG when it broke below its 10:30 candle at $288.62 with a stop above it at $290.83, you would risk 221 cents. Waiting to cover until the end of the day would have given you about 1689 cents for every share you were short, or 7.64 times your risk.
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on Tuesday, January 8th, 2008 at 7:40 pm and is filed under A Dummy a Day.
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