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expd funnyThis morning, I didn't expect to have any chance at holding my one remaining short in Copart (CPRT). However, Google (GOOG) surprised to the downside, which basically led to a market sell-off across the board, and led to Google's stock being halted for dropping more than 10% right before 1pm est, and has yet to open since. 

The short Trade that I put on was in Expeditors International of Washington (EXPD). This stock has a solid double-top in place followed by a breakdown. What I like about it, is the rise into the neckline/previous support/resistance and so I shorted it at $35.65.

The stop-loss is roughly 3% above the entry and is the point that I would have to cover at if the trade goes against me and that is at $36.54. 

Here's the EXPD trade setup

SHORT: Expeditors International of Washington

EXPD Expeditors International of Washington Short trade bear 

Comments  

 
0 # Martin2 2012-10-19 09:37
Hi Ryan,

I am beginning swing trader.
I went through your past perfomance here
http://www.shareplanner.com/shareplanner-pro/past-performance/swing-trading-results.html

You've had no losing months for nearly 2 years.

I have couple questions.
When was your last loosing month?
Why it was a losing month?
How big was your drawdown in absolute number when you consider 20 000 portfolio?

Thank you kindly for your answer.

Martin
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0 # RyanMallory 2012-10-25 00:48
Hi Martin,

Some detailed questions. Since I've started posting detailed trades here on SharePlanner, I've been fortunate not to have an losing months (though there have been losing weeks). A lot of that can be contributed to consistently keeping risk tight and not allowing trades to get out of hand and living to trade another day .

I honestly couldn't tell you what my biggest draw down is. Its not something I've kept track of.
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0 # Martin22 2012-10-25 06:47
Thank you Ryan.

Martin
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ryan1Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>

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