Trading Is Risky But Simple

My name @DaChopa comes from being chopped out so badly for many years by the markets. I just share my experience real time to save sheep from being taken to the slaughter house.Do not copy my trade alerts.Just watch me trade live and understand the concept. Play small if you are new, very very small just to be in the game long enough to learn it. The only way to learn it is to stay in the gladiator arena long enough.You are entering a losing game before you plan to have any steady profits.

Wednesday, February 24, 2016

Shorting Against Daily Resistance Green Day TGT

TGT

TGT
Even though it bounced of the 200 SMA and showed strength above the 20sma above PDC, I did not want to go long since the markets were all in red. It made full ATR in the first Half an Hour , so I was looking to short against daily resistance 76.00 with conviction it will be hard to break above today's high..
Hammered the pops sold at ask , placed orders to cover at around 75.00.

Then there was some news , or HFT's attacks happen, TGT went wild but having the orders placed AHEAD with A PLAN it was just perfect play.