Recent content by DrEvil

Not acting well last few days. I wouldn't short PCLN here, but would definately lighten up on position size or just dump it all and look elsewhere.

If you are talking intraday, I have got no idea. Intraday always seemed too random for me, although I know some can trade it well. I just find the chart very strong, but good luck.

There must be weaker stocks out there though if you want to short. Good luck.

PCLN is looking very strong here. I expect it to at least test the previous high at $1476. Could see this running to $1600 or higher over next few months.

Are they overvalued? Perhaps, but isn't almost everything at the moment. Putting fundamentals aside, I like the chart.

Looking strong. I am expecting a pop to at least $62 very shortly.

I regognise that there is some ambiguity in the first post. Just to clear things up for ya. I don't imply any order of importance by numbering 1 to 5. To me they are all essential for long term success. By high probability trade, I mean a situation where the odds are in your favour before...

1. Know how to spot a high probability trade. 2. Have a well thought out plan to enter/exit a high probability trade when it occurs. 3. Well thought out risk management strategy. 4. Discipline and patience to sit on hands until high probability trade sets up. 5. Discipline to execute entry...

Perhaps one day I might re-evaluate. For the moment, it feels like the right conclusion. I really feel, and all my experience has backed up that the money (in stocks) is made on the long side.

Yes, wise words! I have always known this to be true, but for some unknown reason have been fighting against this for quite some time now. It's about time that I take that to heart and stop making things more difficult than they need to be. Thanks.

Short WDC from the close yesterday. This is typical of my experience over the last year. Would have made money shorting any of the indexes instead of messing with individual names.

I tend to do far better going long individual names than I do the S&P. When it comes to shorting, lately it's the same disapointing story that plays out over and over. I have good reasons to believe that the general market is going down, I select the best looking short candidates, then sit...