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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (155)	4/30/2020 11:02:20 AM
From: Sun Tzu	2 Recommendations Recommended By JSD kimberley Read Replies (2) \| Respond to of 98259

ZM broke through 3 of my GTC stop-sell short orders today. So now I am short quite a few shares. FYI - I put limit-stop-sell orders for shorts such that the stop is below support levels. When the support breaks, the sell limit is on an expected bounce that is just below the support and above the stop trigger. That way I am not chasing momentum and get crushed when it bounces back. I have one more short sell to be triggered around 133.75. After that, I think it will be drifting up and down (with a down slant) in the 120 - 134 range. You may be better off just buying put spreads if you want to keep a position overnight.