Thursday Trade

Almost a week since my last trade, but it does not mean I've been ignoring the markets, just waiting for an opportunity. Found one today.

CHINA:

Bought 10:40am doji/hammer (not perfect),
370 shares @ $4.0595,
target $4.12,
stop loss $ 4.02,
risk/reward 1.5,
complex exit--
sold 100 shares @ $4.0905 (after move started, stagnated early)
sold 100 shares @ $4.1105 (at target)
sold 170 shares @ $4.1405 (subjective sell after my wife nearly broke my computer because I placed the trade a few minutes before we were supposed to go shopping!).

In reality, the final sell would have been at $4.10 (a new trade low after run and consolidation).

Lucky trade, I did like the 'waterfall' selloff into the doji (not perfect, but slight rise is due to the thinnly traded nature of the stock). I also watched the market and saw it was putting in a short term reversal when I bought and should've provided support for the trade.

Gross P/L: $21.97, net $14.38

I'll be watching the markets tomorrow am and see how the week closes and will post my weekend balance at the close.

Always another trade,
Masterjaz out