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Sunday 31 October 2010

Watch Xstrata shoot up...

Bad Assed Trader:  On reflection I felt I had got a bit gungho about my trades so despite being a Bad Assed Trader I do perhaps have a Faceless Bureaucrat lurking within.  So I've gone back and checked the charts on the four new trades I've placed to find reasons not to trade them.  And I've spotted a good reason to delete my order for the Xstrata stock.  Price action was trending up but has just recently had a lower high (peak on the chart) and a lower low (trough on the chart) which means the trend could be turning down.

I've deleted the trade so now Xstrata is going to shoot up and prove me wrong...isn't it?

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