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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

FFIN Short Trade Setup + Charting Notes

FFIN (First Financial Bankshares) is just one more in a long list of attractive short candidates in the regional banking sector. In fact, the chart pattern on FFIN looks very similar to the HIBB Active Short Trade with a similar topping pattern above a well-defined support shelf with a substantial thin zone below which is likely to be filled quickly once/if prices break support (as they did on HIBB).  FFIN will trigger a short entry below the 28.25 horizontal support level with a suggested stop above 29.10. The sole profit target at this time is 24.84, which would provide a 12% [...]

2017-03-08T21:20:50+00:00Aug 14, 2014 11:21am|Categories: Completed Trades - Short, Trading Tips|Tags: |Comments Off on FFIN Short Trade Setup + Charting Notes