Thursday, December 18, 2008

DAYTRADE: SMN + 4.12% SUCCESS!

I used about 40% buying power on this and had a nice trade. Made back all losses from earlier today and went positive for the day. Notice how the trade held above the 5 EMA. I knew there was a 50% chance of the 5 ema breaking but also knew there might be a nice reward if it held. Since I had already taken profits it was easier to hold on 2nd half.

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