Tuesday, May 12, 2009

Hammy Trade: NFP

NFP had a nice triangle, breakout, and bull flag. Trying to anticipate the break-out, I chomped on the bait:




NFP.png


Dumbass moves:


1) Didn't wait for an actual breakout.


2) Didn't put in a stop.


Now, had I actually done a little bit of journalling and planning with this stock, I might have realized that I should have put a safety net in place. My impatience and greed got the best of me, and I'm out big time on this stock. I got in @ 9.13, and out at 6.95 for about -35%.


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