I shorted 400 shares of SSRX @ $11.60 with my stop loss at $12.00. My intention was to get in at $11.70 but after years of experience I now know it is better to get long/short immediately rather than quibble over a few cents slippage. Further, gaps in the direction of your intended entry is confirmation that you are likely on the right side at least in the short term.
I also wanted to enter CMFO short but discovered that margin is not offered on it. So I passed on this trade. Besides I believe I have sufficient short exposure and I am not yet willing to put more money at risk. In addition, I see a couple stocks are setting up in beautiful potential long patterns like MSPD, CRUS, LSCC and CELM. So I want some buying power available for a bit of long exposure in case the markets make a short term bounce.
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I stumbled up on the chart of DLLR while surfing the net tonight and decided to add it to my focus list for tommorrow. DLLR did pass through... -
For some reason the early weakness in the markets caused me to panic somewhat and so I tightened up my stops but I just realized that I was ...
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Although the markets and ROVI are currently pulling back, my years of trading experience tell me that this is a natural normal process. The ...
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