Entry:
30.93
Stop
Loss: 29.93
Exit:
??
Position
Size: 0.4
Reason: A
breakout type of trade. Resistance = 30.661
8/27/2012
9:07 AM
Review
Silver
breached the 30.661. Position will be added but how.
Option1
Should I
put a buy order at 30.795 (previous high on 23 aug 2012) or 30.728? Since the
difference is around 7 points, I am
comfortable with putting at 30.795
(-) I
can't predict where the price will go in the future, it might come down and it
might go up.
Option2
Should I
buy it now at 30.895?
(-)Observing
the price action, it seemed there is not much of gas.
(+)If I
do, I will have to extend the stop loss and reduce the no of contract. Thus, I
won't miss the potential upwards.
I am
comfortable of doing option 2.
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