SOLD HSD.TO $16.24
SHORT HIG $22.34 - Broke support today on the daily and I like it as a short to ~$20. Formed a symmetrical triangle all day and closed near the lows. Lets see if this breaks down tomorrow.
Gotta be careful in this choppy market as you can get stopped out badly if you are not taking quick profits. Normally you want to ride out your winners but I have been finding that you have to take quick profits. If you wait too long, the market will reverse and you will be in a losing position. As your profit grows, also move your stop and lock in those profits in case the market turns quickly.
SHORT HIG $22.34 - Broke support today on the daily and I like it as a short to ~$20. Formed a symmetrical triangle all day and closed near the lows. Lets see if this breaks down tomorrow.
Gotta be careful in this choppy market as you can get stopped out badly if you are not taking quick profits. Normally you want to ride out your winners but I have been finding that you have to take quick profits. If you wait too long, the market will reverse and you will be in a losing position. As your profit grows, also move your stop and lock in those profits in case the market turns quickly.
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