Tuesday, August 13, 2013

Trading with the All New GT PRO

AAPL Triggered on GT Scan under All Filters as it Was Spiking on the First 5min Elephant Bull Bar, Waited for the first 5min Spike Bar to Close, Weak Hands started taking early  profits, i had my buy order below 480.90, order got hit, Tape Was strong so i got heavy and added to my core net long position above the first 5min spike Bar@ 484.78, Place my limit sell order at the whole number@ 487.00, Took it off to early an left money on the Table, So i waited patiently as i hawk the order flow for clues as to where the next support level would be located as the trade Target was set at 490.00, As price Traded Back down to the 484.50 level the Tape look great to the upside, so i scaled my way back in got Tier 1@484.63, Tier 2@488.54, Took the Trade off at 491.77, With that Said i still Failed as i did it again and left a whole lot of money on the table. Reason for Failure:My Risk was not properly manage aka i did not manage the Trade as it got all the way up to 494.00, a boat load of money was left on the table.

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