Long Entry Triggered

June 21, 2007 at 9:19 pm by Will

Per yesterday’s targets, “DSM I ®” triggered a buy this morning at 151.76, with an initial stop at today’s low of 150.25:

SPY 06/21/07

The Plan:

  • Take half the position off at 154.50 (due to resistance at the previous high) and move the stop to breakeven.

  • Take the rest off if we get to 157.00 without being stopped out. (Yeah, I know. Fat chance.)

  • Otherwise, sit tight and respect the stops. Aka The Hardest Part.

(Remember this is a swing trading system I’m trying out, daytrades can of course go either way.)

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