Trade Review $V

Inside day in $SPY $QQQ made it kinda hard to trade, with no followthru in most names on either side. The most convincing play of the day for me was $V Visa to the short side which was called out in free online trading room.. It had some settlement news premarket, which made it gap up above 127.60 on the daily chart. But with the market being an inside day not a lot of conviction to the upside so I tried eyeing it for the short side. $V went down 2 points from where I shorted, however from my trading plan perspective it was still a 4.5 reward to risk trade.

Shorting the gapup names are always tricky as you never know when those bag holders are gonna jump back in and drive the prices up.

Follow me on twitter @dchsn6

Follow me on stocktwits @dchsn6


  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: