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Wednesday 3 July 2013

Trading Signals Analysis 2 July 2013

We bought Ford & won, did not buy GM even when its sales rose 6.8% & proved to be a good move as it dropped
Did not buy Zynga because it went up too high even before it opened & we saw a resistance
And Zynga fell too

Sold S&P 500 when it broke below 1620 as we knew that the weakened market wouldn't be able to recover later that day
We were previously looking to sell S&P 500 below 1620 at 3:30pm for 4pm EDT expiration time after we confirm it
But since it dropped too much, we decided not to & saved us from another losing trade

Conclusion: Made 2 winning trades & did not make 3 potential trades that lost
We look forward to making more good trading decisions

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