Shorting PRU

[Goods]

Just going on instinct here. Big bounce the past few days. MET was pretty weak after morning pop.

Short @ 40.03 - had a nice gain until the market came back strong. Decided to hang on and see what it'll do tomorrow. Sitting right up against the 20 EMA now, where it bounced Oct 14th after a nice run.

[Goods]

Covered even on a stop. Insurers holding up ok today.

[Goods]

Expected a pullback today but not that garbage. PRU and the others finally broke down. Probably has more to go. Like I posted before, working too much to keep good tabs so I'll watch it where I can.

[Goods]

$32 today. Man I can't count how many times I've been a day or two early on my picks. Sheesh...

[whodi]

What do u mean as far as being a day or 2 early on your picks because in this trade you had perfect timing but just didn't give it a chance IMO. You mentioned you covered your short on an even stop, so I can be wrong but that seems that you just didn't want to take a loss. Remember you have to give the stock room to move in either direction. I know a lot your not able to watch, so if that is the case for example with this short that you would of killed, instead of stopping even because Insurers were holding up good on the 5th, look for an exit point for your short that would be a realistic cover instead of just knowing your getting out even. Give these boys room to move but again look at your charts and figure out a cover price if it starts going south because then you may take a loss but you still did the right thing by giving it a chance to move and if it never breaks the price you set now your still in play and loving it buddy.

[Goods]

It's trading scared, I know.
The problem I have holding is, with the insane volatility we've seen the past few months, I know I could log in to see a 10 point move the wrong way. Or more frustrating is a 2 point spike that takes me out then goes right where I expected.
Much more patient when I'm watching, no doubt. I can usually tell when it's just a selloff or short cover early. Like with HIG Thursday, spiked 9% at the open but easy to wait it out. I almost doubled up the short but didn't want to over extend the position.

Not a biggie though. Plenty of other trades

[whodi]

Definitely plenty of other trades but just something to think about. Only reason I am bringing it up is I use to do the same thing. Once I bought or shorted and I was in the red I wanted out and never gave it a chance and then it blew up in my face and I realized I was trading scared as you mentioned. It took me a while but after trade after trade emotion was left at the door. Thats the only way you can trade. You have to be willing to lose whatever you are buying or selling and THEN you will see the rewards and you will not be scared to be down a few points. It is definitely a crazy market right now and I am personally not trading much at all but the ones I am trading I am Pounding the Shttt out of them as far as HUGE positions because of the amount of research I am putting in on them. Doesn't obviously guarantee me profits but it has been working well for me and that is currently my trading strategy right now. You will see GOODS that you will always adapt and change up your trading style as a momentum trader under certain market conditions and that is why we are the ones standing at the end and not getting killed and out of the game.