Lazy Trades Long & Short Swing Trades To Consider
Today's lazy trades features one stock that I just got short, and that is Invensense (INVN) at 11.31. I know in the past month, this has been one of my more 'featured' short setups, but every time, it shows itself as the gift that keeps on giving.
I'll be using a stop of 11.85 on the trade. Now, at the moment I have 4 shorts in my portfolio and not a single long position. I'm definitely running the risk of there being a short squeeze of some kind on Monday, or maybe even into today's close. If that happens, my stops will take care of the rest. However, the market has shifted character since the election, and has introduced much more fear than what we are accustomed to seeing.
As a result, if this fear continues into next week, I want to make sure I am positioned for it adequately. Otherwise, I'll be taking the remaining profits out of my existing positions.
Long: First Solar (FSLR)
Short; Invensense (INVN)
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Ryan (@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. More >>