Tuesday, December 28, 2010

DLTR close out

I closed out this long call trade today for a -$60 loss. My stated exit point was on a close below the channel uptrend. I might have jumped the gun on this as we still have 15 minutes left in the trading day, but I don't like that it's violated the channel intra-day four times since I put the trade one, was rejected at resistance since I put the trade on, and looks like it might be consolidating now. So pretty simple, I'm out.

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