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looking for a few short points on DayTrade2.
My reason for it is the rally paused and dropped to a level of "support" that I'm betting won't be the ultimate support before the rally can continue. I'm using the 5 day rolling volume ladder to id the target.
Can you help answer these questions from other members on NexusFi?
Ugh! DayTrade. Nothing I can do but let it breath. I have to step away for about an hour. This stop and target is the best I could come up with... other than just exit and go flat.... but that feels too much like giving up to me.
I flipped long on DayTrade2. I just don't see the market weakening.
That said, I'm still holding a real short position on a swing trade basis. Not looking good for that but I can't cover that on a rally... I have to wait for weakness no matter how many days it takes. Hate sitting on a loser but it's the only way to handle it.
Clearly I was early/wrong on this short. But rom this level I'm encouraged that there will be resistence going higher. No matter, the short stays until there's selling.
I lied. Taking another shot short.
Doesn't anybody want to sell? I'd take a part time job to make up for my loses but who will hire me when I have no head... it's been handed to me!