Wednesday, February 19, 2014

SM Short day trade

This is one of my strategies that I play often. It is called the power bar play with pullback. The way to enter this is start with a small size shorting the stock and when it is in your direction, add to the position quickly.
This stock was a bit spready so did not want to add too much to the position. I closed close to the low of the day and got close to 4R in profits.

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This play was called as it was being formed, if you want a real time update and see on when I enter my position, add to my position and exit, manage risk and my stops, you can join my trading room -http://agaptrader.com/Trading_Room_2.html

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