Sunday, August 02, 2009

TKTM Wrapup

TKTM was sold last Tuesday at the open wrapping up this paper trade. The initial stop loss or incrremental stops were never hit. The target of $10+ was never hit either. The time stop which triggered on the 10th trading day was hit, selling out for a gain of approximately $1 per share. Based on the stop loss of $1.35 this was a risk adjusted return of less than 1R or 1X risk which is extremely weak.

I hope to improve the risk adjusted returns to 10R + over time as I learn to mix the intraday entry and stop (risk management) which the daily price target or swing trade chart.

Here is a chart of the entry and exit:


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