The purpose of my blog is to show you my plays on a daily basis. I mainly play gap strategies (Tier 1, Tier 2, Tier 3), 5 min elephant bars, 15 min 1st BAR and MEGA gaps. I will share the reasons of my play, my risk and exit strategies. I call out my trades as and when it is formed.
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Monday, August 29, 2011
RIMM
This was a Tier 3 gap play that did not work in my favor in the 1st 1 hour, hence I took a hit of 1R (played twice) and killed the play.
Though if I had kept this trade with proper stops (LOD), I would have done well. But the fact that it did not go above 30 when the market was so bullish made me rethink this play.
Though if I had kept this trade with proper stops (LOD), I would have done well. But the fact that it did not go above 30 when the market was so bullish made me rethink this play.
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