I like to explain my trading style with QCOM example; trade what we closed today with nice reward. We took QCOM short trade at Tuesday March 24th, 2015 at $69.75, with stop at $70.75. Our stop was $1 and I was hope for possible run to $66 or $65 area. Today QCOM broke under $66 support area (our first target area) and it was closed at $65.85. We can see $3.90 run for us what result with 3.9 rewards. So if we took $100 risk our profit is $390. In my opinion reward is best for success measure. With other words we can say that QCOM trade can cover almost four negative trades and that is good way to be successful. This month we had several really nice trades with higher rewards like: FAST (+11), TIF (+5), NTAP (+5), GOOGL (+8) etc and you can see all of them on site under performance for this month. Technically QCOM was book bear flag example and idea was pull back from daily 10sma and on exit chart we can see result. Of course market helped us with weakness last days.
For those who want to learn more about style what I use please take a look under mentoring program what will be next month.,
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Trade Setups With Entry And Exit Instructions
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