Trading Lessons are a feature here in The Bandit Hideout where we take a look back at a trade and see what we can learn from it. It might have been a winner which paid us nicely, and we’ll want to know what it was about that play that worked so well for us. Or it might be a trade which performed poorly for us, thereby offering us another valuable lesson which we might can apply going forward in hopes of avoiding a repeat mistake.
Whatever it is, the aim is to use the old ‘hindsight is 20/20’ adage to our advantage. We can learn a lot from the past! There’s no reason to ignore it when it can help us improve as traders.
Trading Lesson for 12-12-2009:
This past week, I caught a decent trade in ILMN, and wanted to take a look at it with you. This one triggered in an unusual way, but it worked, and I hope you were able to profit from it.
I’m going to take you through this one in video format, so I hope you enjoy it. If you have questions or comments, please feel free to leave them down below!
Trading Lesson Video – Click to Watch!
Remember, monitoring a stock’s behavior as compared to your original expectation for a trade can help you manage it well enough to profit, even if the stock doesn’t do exactly what you thought it would. The aim is to profit, so be alert and flexible for maximum gain.
