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Short Trades Category Updated

The following short trades have either exceeded their suggested stop(s) or no longer look compelling from an risk-reward perspective and will be moved to the Completed Trades category: ADBE: Has traded slightly above the suggested stop of 77.09 over the last several trading sessions, resulting in a relatively small loss of 2.8%. As the R/R on this trade was way above average (over 10:1 R/R to the final target), in hindsight, I should have listed multiple stops, not just the sole suggested stop 77.09 which was based on the distance to the first profit target at 69.85. With that being said, [...]

2015-04-30T09:00:57+00:00Apr 29, 2015 7:28pm|Categories: Completed Trades - Short|Tags: , , , , , , , , , , |Comments Off on Short Trades Category Updated

BXS Short Trade Update

BXS daily March 27th BXS (Bancorpsouth, Inc) has been an Active Short Trade on the site since triggering an entry on a break below its primary uptrend line all the way back on July 17th. BXS went on to trigger a second short entry/add-on/sell signal just a few days later on an impulsive break below the large head & shoulders topping pattern, moving sharply lower from there until making a near perfect kiss of the second price target (T2) for a 18.1% gain. From there, the stock immediately reversed but the trade has remained profitable since, recently reversing near [...]

2017-03-08T21:20:35+00:00Mar 27, 2015 12:22pm|Categories: Completed Trades - Short|Tags: |Comments Off on BXS Short Trade Update

Short Trade Ideas Category Updated

In updating the trade ideas today, the following Short Trade Ideas have either hit their final profit target, were stopped out as per the previously suggested stop criteria (SOAPSC) or no longer look attractive from a risk/reward perspective. Some of these stopped out short trades hit one or more profit targets before reversing & exceeding their suggested stop while others failed to reach any downside profit target. As always, all completed trade ideas on RSOTC are archived indefinitely under the Completed Trades category for future reference. AON: Dropped 10% following the short entry before reversing just shy of the T1, the [...]

2017-03-08T21:20:42+00:00Dec 8, 2014 10:51am|Categories: Completed Trades - Short|Tags: , , , , , , , , , , , , , , |Comments Off on Short Trade Ideas Category Updated

BXS Second Target Hit for an 18% Profit

BXS daily Oct 15th The BXS short trade hit the second target, T2 at 19.33, yesterday for a profit of 18.1% since the original short entry. Consider booking full profits and/or raising stops, depending on your trading plan. T3 at 18.30 remains the final target for now but as always, reactions off the initial tag of each target level are likely.

2017-03-08T21:20:46+00:00Oct 16, 2014 9:11am|Categories: Completed Trades - Short|Tags: |Comments Off on BXS Second Target Hit for an 18% Profit

BXS Head & Shoulders Pattern Backtest

BXS daily Sept 23rd As mentioned yesterday, I plan to update the trade ideas this week & hope to remove all the trades that have either exceeded their suggested stop levels or no longer look compelling from an R/R or technical perspective. My intention is to have all trade ideas updated by tomorrow. However, as I'm seeing increasing evidence that a long overdue significant correction in US equities may be close at hand, I am going to turn my immediate focus on highlighting some of the current trade ideas that still look compelling at this time, starting with BXS [...]

2017-03-08T21:20:47+00:00Sep 23, 2014 11:17am|Categories: Completed Trades - Short|Tags: |Comments Off on BXS Head & Shoulders Pattern Backtest

BXS First Profit Target Hit + Trading Notes

BXS First Profit Target Hit The BXS (Bancorpsouth Inc) Active Short Trade hit the first profit target, T1 at 20.54, today for a 12.8% gain since the original entry on July 17th. T3 at 18.30 remains the final target for now although each trader should decide whether or not to book partial or full profits as any of the near-term targets are hit, depending on their own unique trading style, risk tolerance and time frame. Typically, reactions are common upon the initial tag of each target level.  click here to view the live, annotated chart of BXS When taken [...]

2017-03-08T21:20:51+00:00Aug 1, 2014 6:27pm|Categories: Completed Trades - Short|Tags: |Comments Off on BXS First Profit Target Hit + Trading Notes

BXS Head & Shoulders Breakdown, 2nd Entry Triggered

BXS daily July 22nd The BXS (Bancorpsouth Inc.) short trade has broken below the neckline of the Head & Shoulders pattern, thereby triggering the second entry or add-on. BXS was first posted as a Short Trade Setup on Thursday and triggered an entry later that day, with prices breaking below the primary uptrend line. This trade also listed a second entry or add-on criteria of a breakdown below the neckline of the H&S  topping pattern which occurred via a large gap down today. Prices overshot the neckline by quite a bit immediately following the open today and have since [...]

2017-03-08T21:20:52+00:00Jul 22, 2014 10:13am|Categories: Completed Trades - Short|Tags: |Comments Off on BXS Head & Shoulders Breakdown, 2nd Entry Triggered