Observing the stock market technicals and exploring opportunities to trade
'Trading is a process of observing the market's action until such a time you can find and form trading ideas and get involved.'**
Tuesday, January 24, 2012
"Any professional field requires commitment and willingness to go through successes and failures. The failures can be the greatest teachers. Study the failures to develop into a better trader. Perseverance will be the key to a successful trading career." - TRADING OUTLET
The market drops in the open and did not recover from its opening price.
It recovers a bit but stayed flat on his "belly" till the close.
A tough market to trade!
Exited at 12605 for a loss of 5 points...chart doesn't look convincing for a breakout...
Trade did not work out, got stopped out for a break even...will get it again at 12610 with stop at 12600...
Will put sell limit at 12641...let's see if it's going to work...
