3rd Aug 2011–Gathering with my old partner in Friend Finder Network

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
4.10				3.78

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. It punched through upward the intraday downtrend line and the 20MA line.

 

Lesson Learnt:

 

1. My entry point again sucks. Again, I cannot resist to wait until 12:00am.
2. I should have waited for all the debt ceiling issue to be cleared before this entry.
3. Market was very bearish, I should have waited.

 

Intraday Chart

Historical Chart