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Wednesday, March 07, 2007

Random stuff

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I've recently read somewhere that you should put in your stops first, and then put in your order. So if you wanted to short, you would enter your buy stop first before entering the short sale order, and not the other way around as I have done. This is something I will try out tomorrow in my trading.

And with the way the markets closed near its intraday lows today, I have a feeling that we will have a down day tomorrow. Note that both the ES and the SPY gapped up on Tuesday, and never filled that gap, so tomorrow (Thurs) will be a prime opportunity to fill that gap. What happens after that will be anyone's guess.....

It's getting harder and harder to look for more bullish stocks like DECK in this kind of market environment. The problem is that I don't have a good sense as to how to look for good shorting candidates.

2 comments:

Caravaggio said...

Isn't it just the same as for bullish stocks, just with the charts turned upside down?

I joke. Just popping in here to see the goings ons.

; )

Phileo said...

Caravaggio,

In theory, yes, but in practice, I'd say maybe at best.
Thanks for continuing to read my blog.....