My followers know i am bearish on the stock market, expecting a big bear market the coming year or two. This trade falls right in to place, because the Nasdaq is also at it's last breath before a drop will happen. I am using the red area as my stop loss, Even if we break it and my stop triggers, i will short it again after that yellow area breaks again.
Targets around 194, but i will probably keep 50% to let it run with a trailing stop.
Targets around 194, but i will probably keep 50% to let it run with a trailing stop.
Comment:
So that was quite the dump after the earnings of Facebook yesterday. For the ones who made profit, congratulations :). Never get greedy, this is a huge win already and markets always move in waves. So i would lock in at least 50% of the (remaining) position and trail stop the remaining
