$RH update post eps gap

Screen Shot 2014-12-11 at 6.43.05 AM

The RH trade I posted a few days back proved to be a great lesson in sticking to your plan. Unfortunately that plan and my risk mgmt measures mean I sold out prior to the after hours report. Profits are a function of time. This makes it difficult to take a trade just a few days prior to earnings because it gives you less time/lower odds of getting a sufficient cushion or to a scaleable-point which would allow you to participate in the eps move. You can see the R:R this setup provided above.

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