Friday, August 7, 2015

Short Setup and Trades Journal

I covered all of my CHK short after that big crash day off the breakdown. It was looking like it was going to go red on the day then in about 2 minutes shot all the way to 7.20. It held the 7 area well. I immediately covered from a 8.30 short entry. I made about 12% on CHK. I also sold the short oil ETF SCO in the morning for a 4% gain.  SNMX below is up around the upper Bollinger band and is up a significant percentage in a short time. It was a good short today and could continue tomorrow.

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