stay away

today, I stopped out on 2 trades and entered later.

My experience told me that those are always ended up losing trades.

my appl trade was one of those, why was it a bone head move, because i did not do the Risk/Reward analysis.

first case study, CNQ,
Last night I was puzzled because if I trade this as a bounce down trade, the target is at 75. if I trade this as H&S break down, the target is 70. so when it broke the diagonal trend line connects the downtrend for the last 5 days, I exited. But when it bounced down from 78.6, I re-enter a new trade. 78,.6 was established in March '08.

second case, HES
exited when it trade above yesterday's high, plus yesterday's candle has a long down shadow, so I decided to tighten the stop last night.
15 mins before the ends, it moves below the open, and produced a red candle with a long upper shadow. So it met my entry rule and the target is still 82.
earnings is AMC Jul 29, so I will get out before enarnings.