BATS:CTSH   Cognizant Technology Solutions Corporation
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2
Opening a short position Monday on this stock. Will manage it on a monthly basis

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Trade is close with a loss
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0.97 % return for July , Short still open
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Algo, could you please provide more details on this? Why, targets?
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Algokid charttrader
Hey Trader

Sorry for the delay. The reason I went short here is because :

1) Multi months double top , the stock couldn't reach the all time high of 2011
2) The stock closed below the LOW 10 EMA for 3 month in row. sign of potential decline.

I placed a hard stop @ $63. However here the risk management technique i'm using for this trade :

- If stock closes is positive 2 months in a row , will cover up to 30 % of the position,
- if stock closes is positive 3 months in a row, will cover 100% of position.

I have no particular target for this one, I will only apply the risk management rule above. :)
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Algokid Algokid
I will put detail comments at the end of every month for this trade and the other long term trade i have.
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Agreed.
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Followed.
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Agreed.
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