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cwainscott_BOWS
Played this stock for 2 days but today was kind of wild with it's movement. I was feeling bad today and really shouldn't have traded at all today. I finally just gave up for the day around lunch time. I came out positive for the day but the trades I did today weren't my best.
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MAllum_BOWS
Hi again, do you prefer shorting over going long? It seems like you play the short side a lot more than most... And do well at it!
cwainscott_BOWS
I do LOVE to short stocks. Kunal says stocks take "stair steps to go up and elevators to go down". Meaning that stocks usually fall pretty quick and that's generally true. However you have to be very careful because your program that you use to fill stocks don't always give you a good price so you really need to know if a stock will go short. I have been doing just as well going long on stock too and I am not biased to any of them as long as they show me some money :). For shorts I look for bear flags and am very careful about pullbacks for shorts. I watch those 9 EMA, 20 SMA and VWAP lines. I make sure I have stops along the way. Always keep studying and asking questions. I am by far not a professional and learned everything from Kunal.
I hear ya.. Do you have a preference as to when you use EMAs vs SMAs?
Nope...I use them both. It just depends on the stock and where they are at on the chart.
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Hi again, do you prefer shorting over going long? It seems like you play the short side a lot more than most...