Ask DrBob Message Board - Msg: 23718662

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Strategies & Market Trends : Ask DrBob

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To: the navigator who wrote (95432)	7/20/2007 10:54:09 AM
From: FLACK	Read Replies (1) of 100058

up the stairs ... stay away from shorting - especially in an up market. As DrBob said, the best time to short is when the the broad market is declining... easier to then go with the flow. Paper trade a few shorts and see how you do. Keep a journal of these paper trades... - why you're entering the trade- news? charts? - your trading rules-is this a day trade or a swing trade? - your stop limits and why you've selected them - your risk to reward levels- ususally support/resistance levels - why you think the trade worked or didn't work - your profit or loss results A journal of paper trades is a pain in the butt... but it will help you to develop a sense of timing short trades. In general, when you go short, you must be faster on your feet than when you go long... sell your short positions sooner than you would sell your longs... unless the broad market is declining.

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