Thursday, January 04, 2007

GOOG Breakout Trade



Last week I talked about how I trade GOOG using a simple system and I pointed out that we have a trade coming up this week. If you did the trade yesterday, you would be up about $15 right now. I'd raise my protective stop to breakeven and let the trade become risk free.

Posted by Kevin

2 comments:

Three Kleinbergs and a Macht in Israel said...

Kevin,

I love the simplicity of your approach.

Could you please clarify something? I noticed that your post referenced buying yesterday, but your original description of buying on inside weeks mentions using a weekly chart - since there was one more day to the week, have you modified the approach?

Thanks,

scott

10:13 AM
Kevin said...

I think you misunderstood me because this system is so simple.. When GOOG has an inside week like we did last week, we'll trade the breakout of last week's range..If GOOG takes out last week's high we buy, if it takes out last week's low we short...Thats all there is to it.

6:25 PM

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