Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

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Dec 11 3:59 PM EST

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To: zora who wrote (10665)	3/6/1999 12:24:00 AM
From: Triffin	Read Replies (2) of 56535

Jon K..Shorting This is in the FWIW category..these are lesons I learned the 'hard' way on shorting stocks.. Try to short stocks that are 'declining' rather than running up..it's much safer..weak stocks usually get weaker just as strong stocks tend to get stronger..Trying to short a stock that is spiking up in price is the same as grabbing one on the long side that is in free fall..we all get lucky once in awhile and catch the 'turn' just right..but It's not a good long term proposition..If you find that you are short in a 'runner' and underwater its a good idea to cover around 3:00 and take your loses..Brokerage firms execute 'buy-ins' @ 3:30 .. traders know this and that is why a stock that is up a bunch of points late in the day will often have an acceleration move into the bell.. It sounds easy to say.. 'buy strong stocks' and 'short weak ones'..but very hard to do..most of us tend to do the opposite in fact..and with poor results.. The only exception to the above is to do scalp trades on the short side in the morning..ie fading a gap-up opening..provided no news.. Jim in CT..

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