How I traded $TPX

Today was a tough day in the markets, stock selection was the key. With $SPY and $QQQ gapping up, it was hard to take trades in the morning. Since going long on any name would be more like chasing.

I traded $TPX on short side. It was a pretty hard stock to short

1. Stock was down almost 40%

2. Market was trending up the the whole day.

I attempted 3 shorts

Attempt 1 I got stopped out quick for  a small loss

Attempt 2. Scratch trade for small profit.

Attempt 3. This was the most successful trade, it had a bit of help from the markets as $SPY and $QQQ were pulling back . Got out on the break of trendline.

If you want to see real time how I navigate through these markets

Follow me on twitter https://twitter.com/#!/dchsn6

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dchsn6

LEVERAGE and COMMISSION for my FELLOW Traders:

If you need leverage on your capital and are looking for 100%payout on your profits with competitive commission rates. Email me: dchsn6@gmail.com  and I can help you to join my group and get a group discount. Why pay more when you can pay less.

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