Why Stop Loss Should Be Part Of Your Trade
I played MR again, trying to short it below $40, since it was a pivot resistance point. Confident from my previous short attempt i was hoping for a repeat. I shorted 600 MR @ $39.99. This was exactly the same trade i played earlier. However the only difference this time was I decided to short [...]
Some Trades Work Just Awesome
Pacific Sunwear of California, Inc. (PSUN) played out exactly the way I had planned it. It feels awesome when it does. I sold PSUN at $9.51 with a profit of 6.5% (my entry point was $8.93) in 2 trading days. Woohoo…. Did you like this? Share it:Tweet
When Is It Not A Good Time To Short
Chico’s FAS Inc. (CHS), a specialty retailer of casual to dressy clothing and accessories, reported lower first quarter profit due to a decline in sales. The company continues to expect negative comparable store sales and lower earnings for the first half of 2008. Net income posted by the company plunged to $12.7 million, or $0.07 [...]