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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Tai Jin who wrote (3621)9/6/1999 9:13:00 AM
From: TraderAlan  Read Replies (3) of 18137
 
Tai,

<I started shorting at 59 1/2 with a 25% position. Then I continued to short 25% positions at 60, 61 3/4, and 64. I wanted to short more at 64+ but I waited too long>

Perhaps for position shorting being in a 5 pt loss position is OK. But for the purposes of this thread, you're dooming those who try this to a very short trading career as it lacks any aspects of risk management for a day trader.

<I understand the difficulty in shorting when the stock is coming down>

It isn't difficult at all to short a stock after a big run up, just because it's started to roll over. Inventories are jammed with long positions.

Alan
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