Week 8: Day 40 (Pre-market)

Week 8: Day 40 (Pre-market), originally uploaded by 10k10weeks.

After the big sell off yesterday, there was a huge retracement of almost 8 points, which made a nice pre-market setup.

I picked a very nice top, but could have done better in riding it out for a few hundred bucks more, but I was being conservative and didn't want to spend too much monitor time during pre-market.

What I liked about this trade was that I was patient waiting for a full signal to form, and I only spent less than 15 minutes waiting.

I have also gone to 5 lots today, so this is a pivotal progress. Because I adopting a conservative approach during pre-market time, I took 3 lots @ TP1, while leaving 2 lots for the 2nd TP.

If u see the screenshot, I was just 1 tick away from getting stopped out, and usually I would have got stopped.. I've noticed this happens often during pre-market. I guess I got lucky today.

Anyhow, I got away with a nice profit of $700.00.