Neither of the plays below do I have a position in yet, but I am closely watching VIP for a break at $14.61, which it is getting very close to hitting as of this writing. CATY (the short setup) has a lot of potential as well, I’m just not a huge fan of shorting anything in this market. But nonetheless, I want to give you two different trades on two different sides. Because who knows….maybe you are one of those looking at adding some short positions to your portfolio.
LONG: VimpelCom Ltd. (VIP)
SHORT: Cathay Bancorp (CATY)
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Watching the dollars rise and fall in your trading account can turn a well-planned swing trade into an emotional, deeply personal decision. In this episode, I explain why focusing on price action, percentage returns, and R-multiples can help you avoid cutting winners early, holding losers too long, and abandoning your trading plan.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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