Tuesday, August 18, 2009

Trade 58: DayTrade RIO

Trade 57 100 short RIO@57.60
- another short based on the same themes as BHP
- bearish candles formed on the 100 DMA, price in downtrend, MACD turning down

This was a much better looking chart, that I saw AFTER i made the BHP trade, so what the heck, i went for it.

ANd managed to close the position off close to the day's lows @ 56.98

Profit: $ 51.68