ARUN

ARUN short

cover ARUN

RVBD

RVBD short

cover on that big volume spike

RVBD

Bought RVBD

sold RVBD

TNA stop

After the previous nice pop, I sold and went short...

and get stopped out.

TNA

Bought TNA

sell TNA

QQQ

Woke up this morning to find the QQQQ charts didn't work. Yikes! I wouldn't have been able to trade without that as it's one of my main indicators. A little search told my that it had been changed to QQQ like it was a few years ago.

TSL

short TSL

in this case a 15 minute doji was the signal to get out

cover TSL

TNA

short TNA

cover TNA

RVBD

short RVBD

cover RVBD

TNA thought dissection

Here's my thoughts on a TNA short trade earlier this week.

1. Set the stop just above the high so that it will have to make a new high in order to stop me out.

2. Declining volume on the way up suggests that the buyers are not strong.

3. The trade works. As it falls I double and triple up because that is how I make money - by adding to winning trades.

4. Cover after the volume spikes. That is when bounces happen. A nice even dollar level is more reason to cover. A multi dollar gain is even more, more reason to cover.