Chasing

There was one memorable trade yesterday. I lost 6 cents on 500 shares and 25 cents on the other 500 shares. I usually risk 1-10 cents on a trade so if I get hit for over 10 cents there is something wrong with my entry.





EL had a nice little dummy setup a little later which yielded a 1.00 profit. I did not think it would do much because I saw 10k offers in the NYSE open book at 42.50, 42.60, 42.70, 42.80.... I am also a little fearful because I lost money on the stock earlier.