Tuesday, March 27, 2007

Day Trade 2 - SIRF

I like trading SIRF - I don't know why except that it is a volatile stock (98 cent daily ATR) so whenever I get a BOB set-up on it I watch it carefully.

This was a simple enough trade a straight-up pivot point affair - it dropped below S1 on the open and then rebound right back through again. I took it after 10 on the 4th candle at 27.15. My stop was set at 27.00. It was either going up or I was out.

At 1300 we started to get some ugly looking candles and I was gone at 13:30 near the high of the day. In at 27.15 out at 27.73 - 58 cent net - only one trade.

1 comment:


Another great post on day trading.