Thursday, June 21, 2007

062107 - ANDE - 15mins - Loss*Paper

Symbol: ANDE
Type: Long
Entry: During the 5th bar
Exit: During the 5 bar
Result: Lost -0.75%

  • I saw the 4th bar as a Bullish Reversal signal and I entered on the 5th bar when prices covered the 3rd bar Upper Shadow
  • Again, even as I was entering the trade, I questioned myself if the 5eMA is too far away?
  • When prices started to pull back, I panicked and exited the trade
  • As you can see, this trade would have yielded quite a bit of profit
  • It shows that I still have a lot to learn!

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