I covered my short in MA today for a loss and in hindsight, I knew this was the certain outcome, But I was really impatient waiting for the next buy signal to show up. The truth is all the shorts were in a profit at one point in the trade but to have the intuition or predictive powers to know it was not going any lower is a trait that comes along with being able to leap tall buildings in a single bond…. Lesson to be taken is a very strong uptrend signals like short divergences will give you a smaller percentage return then when appearing in a choppy market or you trade in the direction of the trend.
This Weeks Best Bets focus on Strong stocks that have pullback just slightly and are ready to move back up to new highs going forward.
You can view the video on your Trader dashboard or here HPS.daytradingradio.com (must be signed in).
This is the first 10 minutes of the HPS video discussing market conditions and a couple picks for the week.
watch here on youtube https://www.youtube.com/watch?v=PWle3e205gY&feature=youtu.be
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