Saturday, May 26, 2012

5.24.2012 Fiber Trade Review

I did end up going short on the fiber at 2571 1.5% risk.  Got stopped out on a stop run but got right back in at 2610.  Got stopped out again at break even and got right back in at 2602.  Price moved back to 2571 where I took half off and moved stop to break even.  Got stopped out but was able to mitigate the earlier loss.  Was right on the day too but banks did a good job clearing out stops before sending it down to the 2500 figure by the end of the week.


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