Friday, January 05, 2007

MAMA turned cold

MAMA ain't so hot.

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My trade in MAMA is considered a victory even though I lost money on it because I traded according to my plan. My original stop loss was near the opening low @5.6. When I saw that it made an intraday low at around 5.63, I moved the stop up to 5.64. I honoured my stop loss @5.64. Keep your losses small. Be glad to take losses when it is according to your trading plan.

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