I opened a short position in DG this morning and am sharing my basic plan. To me this seems obvious. DG is a value store though and if this is truly a recession, which I am not convinced of, would be the only reason this trade fails. Like anything manage risk but this seems obvious to me. Am adding more if it goes higher. Use SL you feel comfortable with. Just give it some room though. This is in serious need of correction.
Sorry this is a bit rushed but wanted to get it out as fast as possible.
Sorry this is a bit rushed but wanted to get it out as fast as possible.
Trade active
Comment:
Stop not hit on my Schwab account. Was not active yet... Still believe trade to be good besides for the fact that we discussed in the comments before. This is a value store and people believe we are in a recession. My friend in the comments made a good point that I was already considering. Adjusted my SL since I got lucky and it didn't trigger due to a time limit I have on them to prevent that from happening. Street Smart Live allows the setting if you are wondering.