Posted on September 7th, 2008 at 4:06 PM
I like to keep an eye on trades I have closed to see how they went and where can I improve. With that in mind a look at Caterpillar Inc. (CAT) is in order. I closed the door on CAT a few points back. It initially moved higher and my exit looked pretty smart. CAT has since cratered and met the MOB target for the original short. So what should I be taking away from this? Well as I look back at it I think I did exactly what I should have. I exited with a time stop when my expectations (the MOB) where not met in a timely manner. Now it would be easy to cry and say darn I missed the move, but trading is about risk management and consistency. I did what I should have and managed the risk right, good trade!
Good Trading
Craig Russell
Additional Resources:
Join us at a FREE online seminar for Advanced GET.
Check out the entire feature list for Advanced GET.
