THE SHORT-TERM TREND IS DOWN, I HOLD SHORT POSITION OVERNIGHT
No idea tomorrow but my guess is the selling isn’t over yet.
Those who follow Cobra Impulse System, it’s time to set your stop loss to breakeven.
MECHANICAL TRADING SIGNALS:
DEMO ACCOUNT FOR SHORT-TERM MODEL:
| TICKER | Entry Date | Entry | Share | Stop Loss | Exit Date | Exit | Profit | Comment | | SDS | 06/01/2011 | $20.61 | 100 | $20.05 | | | | | | SSO | 05/27/2011 | $53.70 | 100 | $52.13 | 06/02/2011 | $52.13 | -157.00 | Mistakenly closed the 05/26 long, bought back. | | SDS | 05/25/2011 | $20.92 | 200 | $20.05 | 06/02/2011 | $21.15 | 46.00 | Not fully positioned, may add on the way up. | | LAST | | | | | | | 1692.00 | | | SUM | | | | | | | 1581.00 | | |
- $200 max loss allowed per trade. For fun only.
- LAST = Year to the last month balance.
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