Mange your risk, PNR, PRGO

To me risk management is the big thing, before I enter any trade I need to know where to stop and how much trade risk.

Trading stock could result in bigger loses, because stocks can gap down and triggered stop. Long options actually have limited risk, which is the cost one's pay to buy the option.

Here is my trades for today:
PRGO, if closes above $37.63 (today's high) once again Fib's does the magic for me.
Stop at $36.43, target 200% projection: $42.43 which also is the last major high.



Quickpost this image to Myspace, Digg, Facebook, and others!

PNR, again waiting for confirmation that it closes above 39.18 (today's high) tomorrow by close.
Stop: $34.40
Target: $5 from the swing, $42.50



Quickpost this image to Myspace, Digg, Facebook, and others!




shorts: empty
longs: PNR and PRGO

If you find this blog beneficial to you, please donate to your favorite charity.

Link back to the Blog