Trading Fam,
This will be only the second short I have taken since implementing my new indicator. We are up 250%+ pending exits in just over a year; however, during that time, I have taken long entries only. Now, it’s time to test accuracy on the short side.
On my $TSLA short (my first ever short entry), we are already comfortably in profits. More to come on that.
As far as $PLTR goes, my signal gave me a SELL at $195. As I have been in the habit of waiting for confirmation, I did not enter immediately. Yesterday and today, I believe I have been given the chance for a decent entry. I’ve entered short at a price of $190 and will shoot for that 200-day SMA at somewhere around $145 for a 2.37 rrr.
Let’s see how this goes.
✌️Stew
Intresting technical setup here, the 200 day SMA target makes sense from a charting perspectve. Your TSLA short being profitable already shows the indicator has some edge. Curious how the momentum around AIP and their Q3 results will play against the technicals tho.