BIDU trades

I made a couple of trades on breakouts in BIDU for a small loss. I am dissappointed in myself in that I did not set up a good stop and a good target on these trades. i will be watching the markets from the sideline. BIDU and GRMN are both leaders in this market and breakout have not been very convincing. The bad housing report this morning is plaguing this market and I think we need more direction before I can feel safe to enter long. I will ofcourse be looking for shorts and I was tempted by weakness in the financials today. Till then I will be on the sidelines eating popcorn.