Thanks Robert for your input....Since I have just begun trading on the short side, I am learning some quick lessons....Number 1, unless you are a day trader on your monitor the entire trading day, don't try to short stocks that have an A rating in IBD....It is too difficult to
catch the ride down as the stock heads into its reversal if you are not right there to witness it and take appropriate action....Case
in point was FFGI....Stock on my scans showed shorting opportunity....
Zoomed down to 6 1/8 and then reversed...It is an A rating stock in IBD, also has respectable EPS....Friday it closed at 7.75
I took my a $100.00 loss on UIS Friday, but learned the above lesson.....I was happy that I cut losses quickly, and learned from the
trade....I agree with the poster who stated that 8-10 day traders lose
money...But I want to assure you, I am one of the two that make money, and my desire to be a top notch trader will not be stopped....It is this drive and determination, IMHO, that makes for the trader...I digest every book I read, I study every successful trader I can, and I will succeed....Got to run...Have a German exchange student with us for 3 weeks....Got to show her Lake Michigan.....
Auf Wiedersehen.......Herr Schulz,(not losing shorts yet) |
