No. of Recommendations: 4
STILL don't know if this is the right place or not....

I've been lightly blowing a spark to try to instigate some trading (as opposed to commentary & stock picking,) and I've got myself all hot & bothered... so I guess I'll be the first to strip down & jump into the water!

NOTE: I won't really be trading a "system" in terms of entry & exit levels, other than eyeballing them & explaining in general why I'm placing stops where I am... Then we'll watch & see what we see.

PEANUT GALLERY: I openly invite the locals to make the call as to whether I get filled or not, at what levels, in clean or broken lots. I'll place the trade, you tell me my fate.

Account Parameters;
50% Marginability
5% Account/Position Risk (thus, $500 at present.)

I'm looking at MSFT... always a high liquidity bellwether favorite of mine...

Today's criticals;
High 27.30
Low 26.69

Looking at weekly & daily bars I see a runup & a consolidation... likely a pennant begging a breakout to the upside, but carrying a lot of sentient fat bears along with it...

I'm going to place a break-out stop entry (one cancels other) to go either LONG or SHORT depending on the action and ensuing trend.

26.80 Entry Stop SHORT
x 800 Shares
27.60 Entry Stop LONG
x 700 Shares

27.40 Stop-Loss Cover
(Share Risk .60 = Position Risk $480)
25.70 Stop-Cover (Reversal Trap)

26.90 Stop-Loss Sell
(Share Risk .70 = Position Risk $490)
32.60 Stop-Sell (Reversal Trap)

Hoping to catch a trend... likely a 2-4 day spurt if short, hoping a nice run if Long.

Ambient environment;
MSFT is begging to get back in the game of the bulls, but the broader markets are looking really hemorrhage-y. A large-scale turnover in Spooz or Dow may create a short sympathy selloff, but I think strength with nurture Mr. Softy.

Let's see...

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