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Ken Matsumoto - SwingTrades We are working to bring you information and tips to help you become a better trader.	Email this article to a Friend  Printer friendly page

Apr 10, 2008 - We will look to scale in at the 16.11 price. We are looking to take advantage the movement down. We will keep an eye on the 50 EMA as it is still a strong resistance area...

Stock	Enter	Action	Target	Stop
OVTI	16.11	SHORT	15.05	17.32

...thanks for the trust you've shown in MrSwing and my business.

Enjoy swing trading...

Ken Matsumoto,
Lead Trader & Swing Trader, SwingTrades.com

P.S.- Oh by the way, now you can follow my team and I as we trade in and out of the market. This is the way to make gains, forget the theory. You'll learn fast what works and what doesn't by looking over our shoulders as we shoot to make 1 to 4% on our accounts every day. Go here to learn more...

Disclaimer:

Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests.

Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk.

There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.

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