This was my short recommendation from yesterday’s Daily Long and Short Setup. I decided to take advantage of the morning bullishness this stock was exhibiting. As it stands now, I am currently 11% short on the market. If, or more appropriately, when I sell my long position in QQQQ, I will automatically become 46% short on the market, as I will have no other long positions in my portfolio at that point.

I will look to take profits in this Nu Skin (NUS) at around $23.48.

You Might Like

  • Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • How to Trade Breakouts Without Getting Trapped

  • Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind