Dear Trading Journal,
It felt remarkably good to know that I can daytrade US Equities.
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I daytraded MasterCard Incorporated (NYSE:MA) today. First two was pullback setup - volume came in to push it above the previous bar to confirm buy signal. I exited the second trade without hesitation because I saw the momentum dying out on the tape. In the third trade, where i bought @113.79. That was not a valid setup, as I did not buy above the high of the previous bar. I redeemed myself by waiting patiently for the fourth trade. Buy volume came in off the natural number @114. I bought @114.05, target was 114.50.
I could have squeezed way more profits by daytrading the options for MasterCard Incorporated (NYSE: MA). However, I didn't have the option symbol that I wanted pre-selected and all ready to go on my watchlist. Fortune favours the prepared, will remember that for next time.
Thursday, February 08, 2007
MasterCard Incorporated
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2 comments:
Great trades on MA. Basically took similar trades but screwed up my exits a little and didn't get as much as I should have out of it.
Hi Bubs,
Thanks. Congrats on your MA trade as well. I watching the ticker on MA a little, but focused on the chart more and the volume on MA as well, so I wasn't worried about the overall markets tanking.
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