OK. I’ve been trying to pound home the importance of Tuesday and Wednesday this week for traders – the volatility from Greece and Fed news has kicked asses all over the trading floor. Yes, there have been some great trades, but also a lot of lessons in the importance of stops and not over exposing oneself in a news driven market.
Let’s jump right into the Watch List Update:
Swings stopped out today: (note.. these are hypothetical trades based on entry and targets/stops – I didn’t necessarily make a trade in any of these)
CMG for 2.67% gain – Barely got taken out this afternoon.. but honoring stop.
COH for .76% loss – Reversed at horizontal resistance today.
MRX for 1.19% gain – Stopped out, but price is still above triangle. Still worth watching, but no longer on list
Stocks still in play:
WAC – the big winner today.. congrats if you played.