07RhematradesJan 04, 14 2:36 PM
Mike how do choose you stock either go long or short?
$1,742 Profit
YYShort Stock
Easy short on a morning pop. Re-shorted later at $55.59, but got squeezed to $58. Currently down over $5k; will have to wait this one out...
Broker:TDAmeritrade
| Date | Price | |
|---|---|---|
| Entry | 1/3/2014 | 54.91 |
| Exit | 1/3/2014 | 54.07 |
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07RhematradesJan 04, 14 2:36 PM
Is there a way you could help me with a scan strategy.
MoneyTraderJan 05, 14 7:24 AM
It looks like a good idea to trade using such type of strategy, good luck.
Mike_DavisJan 05, 14 10:20 AM
07Rhematrades- I wish I had an ironclad strategy, but I don't. To be honest, I don't think anyone does. Those who say they do either want you to buy their DVDs or subscribe to their chat rooms. I simply look at 1) price action (overbought vs. oversold), 2) abnormal volume, 3) news, 4) percent of shares short and 5) lines of resistance/support. You can never go wrong understanding how to read a chart.
