… you don’t short on the next down day. The market is schizo-bipolar-phrenic. Keep your positions short term long, and long term short. In fact, looking back, today was a good day-trading day, especially in the energy sector. At the moment, I am dissecting [[hk]], which is going to be a great day-trading stock for the next few weeks. Unfortunately I missed today’s run, but with I expect a reversal at the end of the week, so if I do get it, then I will short HK hard if it has no follow-through. If HK can survive (ie, only drops no more than -2% from today’s close) then I will go long for a few days with a target above 20. Nothing magical or rocket-science here, just simple momentum play as I’ve done them hundreds of times before.
Stock up on my portfolio:[[gmcr]] (will exit this week) [[gil]] [[pcln]] … approaching 200 again. 196 will be tough to get over. [[hitk]] … sector is losing momentum. will revisit later. If you enjoy the content at iBankCoin, please follow us on Twitter