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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dave O. who wrote (3557)9/6/1999 12:54:00 AM
From: bajasurf  Read Replies (2) of 18137
 
Dave:

I too like to trade the contrarian side of a spike up, however, it seems the only safe way to do this is after a stock peaks. One would enter the trade and then place the stop loss just above the peak. Shorting all the way up into strength takes some balls, because theres no obvious place to enter a protective stop. Shorting after the peak is achieved is obviously safer but harder to get filled because of the uptick rules. Where do like to enter and how do you protect yourselve from a runaway on the upside.

Randie
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