I've had a tougher week of trading this week compared to a week ago when everything seemed to work properly. My trade today in MSFT reminded me of my trading last week, flawless! I found MSFT on my Gap list, but it wasn't until after the market opened that I realized that MSFT looked a little Novice as price had gapped up to previous highs. I did not waste any time as I took the 2nd 1 minute bar short @ 46.53 with my stop at the high of the day. Price sold off in a flurry lower quickly hitting my targets and covering shares as price heading lower. Then I was able to add more shares to my play and reduce my stop which has become my specialty to really milk more profits from my play. Soon I hit my really lower target of 45.51 cents where I covered 1/2 of the shares I had but as I was entering even lower targets for my last 1/2 of shares, I accidentally covered my last shares @ .54 cents. I missed out on one more add and reduce and the play went as low as 45.18... Oh well, a great play anyway. My last few post have been real game changes for me as well as profitability. Here is just another great example of how you can add to your plays for some really big profits...
MSFT 10242014