09 Apr 2010 at 08:03
Art Vandelay
daytrade

Sloppy setup
- Market gapped down but found support. 1st 15m bar was low of day
- Steady buying all day, but hard to find nice setups
- NSC was my first trade but turned into a scratch trade
- NFLX was not a great setup, almost stopped me out.
- Tight stops give great risk/reward ratios but the entry has to be right
- Entry 102.76 SL 102.60
- Exit1, just below high of day: 103.10
- Exit 2: after 1 min avalanche: 103.37
- Result: 2.1 R+4.8R=6.9/2=3.45R
- No other trades for me.
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