PNRA...

Decided to play the PNRA setup this morning. I'm very late at posting this trade, but, again, I want to show you my method, not have you copy my every trade. I am slightly concerned about this trade. I jumped in before a good slow stochastics cross-over and the overall market is only ho-hum. But, I knew this would only be a half-position trade, so decided to go out on a limb.

Here are my notes:

In other news, I've been considering how to deal with targets. I set targets as a means to be objective and remove feer and greed from my trading decisions. On the flipside, targets are restrictive and don't allow winning stocks to run. So, I've started thinking about implementing trailing stops for trades that pass my first target on their way to the second and beyond. I don't know if the trailing stop will be based on percentages, support/resistence, or buy/sell levels, but I think they will provide some more upside to my trades. The ZMH and CNCT trades really got me thinking about this topic. I'll post more once I decide on a method.

For now my trades are flat on the session, and I'm back to work,

Masterjaz out