MAT - Gap Down Grind Lower off 30 min.
Today MAT had earnings and a good size gap down that sold early from the open. Being patience and waiting for a secondary entry is my specialty. If you follow this blog you know I am a big fan of the 15 & 30 min charts. I look for an entry bar and set my entry and off it goes. MAT gave a great 30 min entry short at 22.36 with a stop at 22.50 and I was looking for more downside action which we got into the close where I covered at 21.80. I risked .14 and made .56 that's four times my risk amount. Great trade. I hope your learning from my posts that's the reason I sure how I trade. Have a great weekend and see you on Monday. Gap Edge Trading