Nibbling DRYS

Posted on February 3, 2014 by Stock Trade Journal

I bought a smaller than usual position in Dry Ships (DRYS) last week as it seems to have found support around $3.23. It is easy to define risk here as the stop will trigger just below $3.10 and my initial price target is $4 for a Reward / Risk of 3:1. I took a smaller position because the market is still weak.
I always use the Stock Trade Calculator to define entries and position size.

About Stock Trade Journal

The information in this blog is not investment advice. Please consult a financial advisor before investing. I have been trading stock since the 1990's and survived the .com crash. I am developing software applications to help me trade better and now I am making them available to help other traders. This blog is also a way to share my experiences and observations in the market.
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