Price Movement After Resistance Is Broken
MR provides a good example of how when a strong resistance is broken it takes a quick leap ahead. $40 has been a strong resistance for MR and it took many attempts before it could break it convincingly. Now $40 should hold as a support. I am currently short MR with an average of $40.50 [...]
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