What made you short AAPL at this particular time? Reading your post you were short AAPL overnight. I realize that traders fade into strength intraday but my experience it is a costly move often enough. I am not talking about backtested example but commutative results from all great traders will tell you so. The question is if you were just lucky this time or you knew some insider scoop not privy to the masses.
TrendFader, Just as I suspected, only amateurs with lots to learn make 4 points over a 2 day time frame... Good trade and make sure to rub it in to our resident "pro" uninvited_guest. Mike
Truth is.. it was luck that this stock tanked so hard today... but the call was from combination of fundemental analysis and some technicals... I still hold the premise that there is little edge in going with the trend in stocks... i backtested strategies that went long in downtrend or long in uptrend.. the edge was miniscule. The trend following is my testing is more prevelant in currencies not stocks.
Luck or not, still a dam good trade. There is luck involved in all aspects of life. Now if you can do the same kind of thing over and over with a decent positive expectation...you got a good system! Good luck to all. C