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Monday, March 12, 2012

5 for 5, was VERY QUICK to take profits today but hit 2x's my daily target

Tried switching it up a little today and took several small gains.  Ended the day 100% winners, but i notice by being quick on the exit, win rate goes up, but %gain decreases.  I should have had 2 winners today and 3 losers and could have yielded much higher profits from those 2 positions by letting winners run and cutting losers.
Anyways, the results:

TUDO - Faded the HUGE gapup

NFLX - Short at previous day high and long off 200MA, both winners

SINA - bounce play off 50MA, wrong but took quick profits.

LVS - Long off previous day lows

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