Going SHORT is much more difficult and dangerous then going long.
My problem when come to SHORT
| Item | Attitude |
| 1 | CONSOLIDATION <> WEAKNESS -- Don't confuse between consolidation and weakness. -- Below 50MA line has more weakness. -- Breaking pattern such as Head-n-Shoulder will help to increase probability of success. -- Above 50MA line tends to consolidate. |
| 2 | MIND SET CHANGE -- If stock reverse and become strong, consider to go long. |
| 3 | BIG PICTURE IN MIND -- When indexes are bullish. Try not to do shorting without very good reasons. |
| 4 | HIGH GO HIGHER -- Don't short just because it is high. -- The high will tend to go higher. |
| 5 | DON'T GO AGAINST FASHION -- Shorting stock like AAPL GOOG when its product is still in fashion is like suicide. -- Should always go long for fashion stock until downturn confirmed. |
No comments:
Post a Comment