Bought F at 12.85

Trade ticket:

Transaction: Bought
Security: F
Price: $12.85
Stop order: Yes @ $12.07
Target price: $14.14

Trade Note:

Buy Point on breakout 12.80
Entry 12.85 (with slippage)
Target 14.14 (10%) August 2012??? 
Stop 12.59 = 2% loss potential (if recovery from current potential false breakout)
Stop 12.07 (12.07/12.85 = 6% loss potential (for current entry)

Trade had a very poor entry. I was overly confident in the breakout and fundamentals of Ford. 

Edited by hansknecht at 04/04/12 at 12:25 AM

Posted about 13 hours after the trade

Trade

Company information:

F 11.10 -0.17 (-1.51%)
Users bought (this month) 0 (0.00%)
Users sold (this month) 1 (100.00%)
Market cap 41.53B
52-week high 13.05
52-week low 8.82
10-day volume 40.12B
P/E 2.60
EPS (trailing 12 months) 4.34
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Posted by hansknecht on 04/04/12 at 12:25 AM

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