Good evening Traders,
So today saw me go Long on Facebook. Facebook has been trending North on the M,W,D charts and more recently has been ranging with a slight Bullish bias. I also took a Short position on Starbucks. This trade did not trigger, and even pulled back slightly. I will review again tomorrow but I dont think I will hold on to the position. The reason being, my risk appetite is not there now that FB has opened. See below.
My other open positions are performing well, barring my Short S&P which has retraced, currently carrying a .5% loss.
BUY NDQ.FB @ 78.60 with a Stop Loss @ 75.01
Talk tomorrow folks!
Bullbear
So today saw me go Long on Facebook. Facebook has been trending North on the M,W,D charts and more recently has been ranging with a slight Bullish bias. I also took a Short position on Starbucks. This trade did not trigger, and even pulled back slightly. I will review again tomorrow but I dont think I will hold on to the position. The reason being, my risk appetite is not there now that FB has opened. See below.
My other open positions are performing well, barring my Short S&P which has retraced, currently carrying a .5% loss.
BUY NDQ.FB @ 78.60 with a Stop Loss @ 75.01
Talk tomorrow folks!
Bullbear
Even a journey of a thousand miles starts with a single step.