Thursday, August 15, 2013

EL long

$EL - awesome trade, got in on the 1 min consolidation, started small and added to the position when I saw the consolidation. Added a lot more close to 67.5 mark and rode it well over 68... Wanted to protect 68 and then trailed it very tight with every 10 cents up. This is how one can get good R's with meaningful moves. This is risky and only for advanced traders who knows how to take a stop loss.