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Closed Countertrend Short

Posted on the 01 December 2014 by Souljester @souljester618
I do not like the follow through today so I closed the countertrend short positions. They went no where for me. This could go lower, but the idea was to hold the hit or miss countertrend short positions into the cycle low, which is early this week (remember the discussion that the Nov. 25-27 would likely come in early this week). I am not a fan of holding countertrend shorts for any duration and would rather wait for a trend signal. Chart: Closed Countertrend Short There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the Disclaimer, and make your own investment decisions. Peace, Om, SoulJester

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