Barker
Short

Took some shares short at the close. Target 73 Stop 85

NYSE:YELP   YELP INC
150 3 1
http://www.stocksetups.com
Covered short on Friday.

I would not be surprised if there is more downside but the trade worked.
+1 Reply
With your high probability of a winning trade amongst all of your trades, I think you can use wide stops that are equal, or almost equal, to the distance to your target. Nice going Barker.
+1 Reply
Barker timwest
Would have been nice to have held this position short.

The reality is that I treat trading as a job. I need to pull a certain (small) amount of money out of the markets on a weekly basis.

Changing my approach will result in 1 of 2 results. I will become rich or I will become poor. I am happy with neither. Trading provides me with a steady source of income. My best years are the years that the markets correct.

The markets have time on their side. I never want to be out of the markets so I need to maintain a very conservative game plan.
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