Most people don’t typically think of trading dow stocks as day trades. But this one has caught my eye lately. Notice on this trade how you could sell short right after the blue line (which indicates 10am). I usually either use a trailing stop of about 1-2% or I use the 30 day moving average (the green line) to give me an indication of whether I’m on the correct side of the trade.
As I write this the stop out has occurred according to the 30 day ma…good for a 1.8% pop! Not bad! I’ll take that any day.
