Stopped out of CEFT... will look to re-short near 50 <eom>
Guess not...
Pro, here is a technique I use and seems to work out well. Yes I do have a mental intra day stop, but looking at your the chart, leads me to believe you had made a correct call. I might have taken the first short with you and held back another 50% if the stock moved up, all the time watching the volume. Once it starts to spin, with no further price increase, I would add my second lot. Win win situation. If I am wrong, the price goes down, I still made a profit on my original lot, if it moves up a point, I dollar cost average to a higher entry price. Increaseing my profit when the stock does start to decline. If I missed the call all together my mental buy cover stop lowers my losses. I do the same in reverse on longs. |
