Tuesday, May 22, 2007

052207 - SPSN - 15mins - Loss*Paper


Symbol: SPSN
Type: Long
Entry: The 10th Bar
Exit: Stopped-out on the 10th Bar as well
Result: Lost -1.59%

I forced this trade in because I'm itching to make some money! But I always forget that this type of setup is never really my strength. When the 9th bar painted a hammer, I thought the prices are going to reverse, and then rise. I entered almost at the high of the 10th bar, and the prices fell minutes later. My Protective Stop was hit in the same bar. This is pathetic!

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