Tuesday, October 9, 2007

100907 - YUM - Long - Loss*Paper



Symbol: YUM
Type: Long
Result: Lost -1.05R

  • The chart above showed what it looks like at time on entry for YUM
  • I thought what I saw was a mini-base, with decreasing volume
  • I entered Long when prices broke the mini-base line
  • (see chart below) Prices did shot up a bit, but not for long
  • It failed to reach the day-high... otherwise, I would have exited half my position
  • My Protective Stop was later triggered
  • This is my only trade of the day





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