jangseohee
Short

I am ready to average another short if...

NYSE:CP   CANADIAN PAC RY LTD
77 3 0
Many a time, trader are told that we should not be averaging.
But again there is something they left out i believe.

Averaging is workable on 2 conditions IMO:
1. I can stomach expected loss initially
2. Only average very near to market top or market bottom

I am ready to short again when price hit 220.
after a buster HS, price continue to go up
until 220
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currently in retracement downtrend line
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