lowtrade

[lowtrade]

Last lesson for 2012

Happy new year to all !

The end of the year trades example.
C,BAC, SNBC

The plan:

C in at $38.00, 8% gain target, $41.25 or 4% loss $36.50
BAC in at $10.75, 7% gain target, $11.40 or 3.5% loss $11.00
SNBC in at $3.43, 8% gain target, $3.70 or 4% loss $3.30
All positions will be sold 2 weeks from Dec 17 entry if gain or loss targets are not reached.

SNBC my 4% loss closed the 21st.
http://stockcharts.com/h-sc/ui?s=SNBC&p=D&yr=0&mn=3&dy=0&id=p66681965763
BAC closed @ 7% target the 20th
http://stockcharts.com/h-sc/ui?s=BAC&p=D&yr=0&mn=3&dy=0&id=p81309232219
C closed for +4% today.
http://stockcharts.com/h-sc/ui?s=C&p=D&yr=0&mn=3&dy=0&id=p25972306369

Trade gain 7%


Plan the trades and trade the plan.
Today was the end of my 2 week swing trade, those not closed at gain or exceptable loss are sold EOD. so Citigroup sold without reaching either target..

Original educational post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82595955&txt2find=bac

Ended years business plan at 140% +/- or 40% above plan, by trading this way.

Trade what you want, not whats in front of you and trade on plan, keeping trade odds in your favor. It's really not hard to be successful. Know what you will win or lose before every trade played. And make sure your plan keeps you positive in those numbers. Trading should be a business, not a game you gamble at !!!