Tuesday, October 29, 2013

VLO long day trade

$VLO long day trade was called at 9:31 am. I quickly added to the position but the stock did not do as I was expecting.. It came all the way to below 40 or below support that I did notlike. I added again when it went up on the 5 min chart. Ideally you want to add when it is above the 1st 5 min bar, but if the bar is too big like this one, one needs to add it prior and also because the bar here is not a strong bar.
Exited to protect 41 whole number

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