The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
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Tuesday, August 04, 2009
RIMM Breakout and Pair Trade
Thus far the "pair trade" I outlined yesterday and entered on Friday is a success, as RIMM broke out in a big way today and AMZN (short) hangs out under the "failed breakout" resistance level.
I took a partial profit in RIMM today and moved my stop up to entry level to lock in gains.
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