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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

PBR: Sold @ 116.50

RaginCajun Thu Feb 14, 2008 10:05am EST 6 Comments

I was stopped out, and will try again around $119.

Note: This is the 3rd time I tried to play this breakout. I hate [[PBR]] and will probably miss the run when it finally decides to breakout.

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6 comments

  1. yeomps
    yeomps
    February 14, 2008 at 10:13 am

    I ended up buying on the way down from 115. My basis is about 106 and I was going to cash out… but I would hate to miss the move when it happens.

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  2. Woodshedder
    Woodshedder
    February 14, 2008 at 11:53 am

    Cajun, I lost 50 bucks or so on PBR today as well. Had 2 trades. First one was great, second, not so great.

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  3. RaginCajun
    RaginCajun
    February 14, 2008 at 12:10 pm

    So I guess you are trading while working again.

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  4. FerarriF50
    FerarriF50
    February 14, 2008 at 1:04 pm

    Don’t chase the breakout. Triple top

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  5. FerarriF50
    FerarriF50
    February 14, 2008 at 1:08 pm

    Unless the juice is worth the squeeze. In this case, not. I’ve lost alot anticipating a breakout in the past. I wait till it CONFIRMS.

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  6. RaginCajun
    RaginCajun
    February 14, 2008 at 2:17 pm

    true dat.

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