Trade Review - C - April, 16

Stock Selection Information

UPDATE: Credit Suisse Raises PT on Citigroup Following 1Q13 Report
Also the stock had an earnings release yesterday.

Watch List Reason - ybefore - 2nd day in play

Pre-Market Volume - 3%

Trading Plan - Sup @ 44.25 | Res @ 46.00 - 60Range

Management

Entry Setup used: Support Fail break | Consolidation near support | Consolidation near support

Trading Comments

First trade - was expecting the market to hold this level and return to the top of the range. As the seller appear, I had to close the position and a short could be in play.
Second trade - The seller start to hold the offer. It was a good entry point. Could´ve added as momentum was in favor fo the trade.
Third trade - There was a buyer holding the 46.15 bid. They never showed the 46.14. He was refreshing and holding ground. First time we saw a 46.14 bid we hit it. It was a great trade.

Evaluation

First trade - it was a good trade with a good risk reward but sellers start to hold. Market was not looking so good. Had to close
Second trade - I close the position at the place I should´ve added. It could have been the trade of the day. Too bad I mad this mistake. Still manage to take some money out of it.
Third trade - Was a good trade. Market was not giving much opportunities and was on strange moves, so I was taking quick profits when I could.