Comments on: Shorted POT, OI and Others http://www.momdaytrader.com/blog/2009/06/16/shorted-pot-oi-and-others/ Trade to win Sat, 04 Feb 2012 15:04:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Trader Momhttp://www.momdaytrader.com/blog/2009/06/16/shorted-pot-oi-and-others/#comment-696 Trader Mom Wed, 17 Jun 2009 02:17:42 +0000 http://www.momdaytrader.com/blog/?p=1540#comment-696 That is a good suggestion. Here is why. I did not short either of them during the first drop. So I watched how they behaved. A strong stock normally would not have tanked so much not long after the market open. These 2 guys were relatively weak. So the action was to short. Then I looked for a short entry. My entries were right after the first bounce-back. It is similar to buying dips in a uptrend. The reason they slipped away was because I did not have the conviction. That is a good suggestion. Here is why.

I did not short either of them during the first drop. So I watched how they behaved. A strong stock normally would not have tanked so much not long after the market open. These 2 guys were relatively weak. So the action was to short. Then I looked for a short entry. My entries were right after the first bounce-back. It is similar to buying dips in a uptrend. The reason they slipped away was because I did not have the conviction.

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2009/06/16/shorted-pot-oi-and-others/#comment-2060 Satuki (Trader Mom) Wed, 17 Jun 2009 02:17:00 +0000 http://www.momdaytrader.com/blog/?p=1540#comment-2060 That is a good suggestion. Here is why. I did not short either of them during the first drop. So I watched how they behaved. A strong stock normally would not have tanked so much not long after the market open. These 2 guys were relatively weak. So the action was to short. Then I looked for a short entry. My entries were right after the first bounce-back. It is similar to buying dips in a uptrend. The reason they slipped away was because I did not have the conviction. That is a good suggestion. Here is why.

I did not short either of them during the first drop. So I watched how they behaved. A strong stock normally would not have tanked so much not long after the market open. These 2 guys were relatively weak. So the action was to short. Then I looked for a short entry. My entries were right after the first bounce-back. It is similar to buying dips in a uptrend. The reason they slipped away was because I did not have the conviction.

]]> By: joehttp://www.momdaytrader.com/blog/2009/06/16/shorted-pot-oi-and-others/#comment-695 joe Wed, 17 Jun 2009 01:59:23 +0000 http://www.momdaytrader.com/blog/?p=1540#comment-695 The same way you mention you need to understand 'how and why' you took a position, it would be helpful to your reader's as to "WHY" you took the position. "Why" was POT and OI a short at those levels on the 5 min chart ?? thx The same way you mention you need to understand ‘how and why’ you took a position, it would be helpful to your reader’s as to “WHY” you took the position. “Why” was POT and OI a short at those levels on the 5 min chart ??

thx

]]> By: joehttp://www.momdaytrader.com/blog/2009/06/16/shorted-pot-oi-and-others/#comment-2059 joe Wed, 17 Jun 2009 01:59:00 +0000 http://www.momdaytrader.com/blog/?p=1540#comment-2059 The same way you mention you need to understand 'how and why' you took a position, it would be helpful to your reader's as to "WHY" you took the position. "Why" was POT and OI a short at those levels on the 5 min chart ?? thx The same way you mention you need to understand ‘how and why’ you took a position, it would be helpful to your reader’s as to “WHY” you took the position. “Why” was POT and OI a short at those levels on the 5 min chart ??

thx

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