Friday, October 5, 2007

100507 - TLAB - 15mins - Loss*Paper


Symbol: TLAB
Type: Short (twice)
Result: Lost -1.78R (combined)

  • Looking back now, I think I have mis-read the chart for my first trade
  • It was painting higher-lows consecutively, and I was focusing on all those Upper Shadows from 10 to 11am
  • My second entry wasn't much better either. I entered because of what I thought was a mini Base and Break
  • The only part that I got right was the word 'mini'
  • It went South just a bit and then bounced back
  • My Protective Stop was triggered
  • Had I managed to stay in, I would have made some money
  • But I doubt that I would able to manage the exit

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