Discussion in 'Trading' started by PeterKiefer, Mar 8, 2004.

  1. selling short EBAY here at 71.70 --- anybody any thoughts here:D :D :D
  2. CalTrader

    CalTrader Guest

    Just that there was a lot of money to made in this issue today .... and more to come.
  3. Why step in front of this train? It broke out over a triple top. Maybe it comes back but I don't see any edge here.
  4. bought back my shorts at 69.36 for a nice profit
    just wanted to mention for the folks out there that it was actually
    a low risk trade and not jumping in front of a train or a trade without an edge ......
    For others my recommendation :don"t just look at chart patterns for the sake of identifying them always find 2 indicators or conditions that confirm these patterns and on a personel note I was feeling more comfortable with my shorts after reading how bullish or doubtful some of you guys were at that time - thanks :p :p :p
  5. What was your target price or how long did you intend to hold the position when you initially entered it?
  6. Glad I was able to help...
  7. I never think when entering a trade how long will it take to either get stopped out or meet my objective - I look at the price .
    Since I trade about 20 volatile stocks most of my trades last a few hours to a few days. With EBAY my objective was approx.
    69.50 --- depending on the vol. at this time I looked at a 5 day HL
    range and usually cover my position and even reverse at 50%
    (H 72.04 L 67.01 =69.50) today I reversed between 69.40
    and 69.28 with a target of 70.78 because 2 other cond. where met . But I cheated today and took profits already while I am writing this at 70.50 - 54 --- The reason was simply I didn"t like
    the price action in relationship to a moneyflow indicator I created.