Jun 282010
ATR Trading
Bought a 23.18% of equity position in UAUA at 20.91. The target is 24.53. The trailing stop begins at 19.14.
I have another new trade for this portfolio for tomorrow:
- Stock: Valassis Communications (VCI)
- Price: 33.85
- RSI(2): 0.31
- Risk: 2% of equity
- ATR Entry: 1.588
- 1.5 X ATR: 2.38
- Position Size: 28.42% of equity
- Target Price: 38.61 (three times ATR added to the entry price)
- Stop: 31.47
- Action: Buy an approximately 28.42% of equity position in VCI at 33.85 with a target price of 38.61 and an initial trailing intraday stop loss at 31.47.