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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (3625)9/6/1999 9:45:00 AM
From: HairBall  Read Replies (2) of 18137
 
TraderAlan: I agree. To many have seen A@P do this and "now" think it is "the" way. I suspect many that have followed A@P into some of his short positions (he is often way early) using his methods, but not having large sums of capital to work with, were forced out at a significant loss, by shorting to soon.

I suspect many have experienced this fate, but have never publicly posted their outcome. Most likely they were embarrassed and or feared a backlash from the A@P groupies.

It is not just enough to believe a stock is going to retrace. The true art is selling short near "a" top. That can be accomplished using a variety of technical indicators. Of course, no trading systems is 100% so a disciplined money management strategy should be employed as well.

Regards,
LG
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