I picked Kroger as my stock picks to SHORT 2 days ago while I was seeing the overall market weakness and also Kroger was trading very near to its 50d MA resistance.
Just a quick update that the market was trying to rebound after the Fed announcement’s of the interest rate cut. So, my open short position on Kroger was stopped. However, Kroger did not ride higher to break the 50d MA resistance and it ended up close lower to for a doji like candle.
Remember, though I initiated this short position using my trading system, however, there is always gain and loss, I lost in this case but lucky enough that I have a stop to protect me when my prediction was wrong. It is ok for me as I am still able to preserve my trading capital just like what I mentioned earlier in my 5 steps to successful trading.
Life move on, I will be looking for new counter from my trading system next.
Kroger - Stock Picks Stopped Out
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
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