IBM bearish swing Short

International Business Machines CorporationNYSE

Description

⋅ Apr 19, 2016 9:32 PM

Today was a perfect bearish gap and go. "Win it works". Worked well today. IBM did trade into the 200 SMA. If this trade doesn't work, that's why. R:R is solid. IBM appears to be in a channel. Could do June puts or short shares, your call.

reallifetrading IBM

Comments

Reallifetrading

⋅ Apr 21, 2016 2:43 PM

Just an update. Stopped out on swing. :) I prefer when I'm wrong that it happens quickly!