I closed my McDonalds short position yesterday but the stock kept diving today. Well, am I feel upset why I cover the short so early? Honestly, I do. But, there is always win or loss in stock market trading, still I did made some little money on McDonald, just that not that much. Compared to loss, I am far better 
I am still holding on to another 2 short positon now, they are Lorillard & Airtran Holdings. I just checked my portfolio, I have a profit between 7% – 11% and I am still riding on the down trend.
Ok, let’s focus back to today stock market picks. I found another interest stock counter to look at again using the trading system I back tested earlier. I am now doing some forward testing by bring the system to test in the real stock market.
Stock Picks on 12 Nov - Safeway Inc
I screen the NYSE stock market today and I found Safeway Inc (SWY) is trading near its 50d MA now and it is reversing it rebound to dive downward. I see that it offers a pretty good opportunity to short at the moment.
MacD, RSI and Stochastics all showing possibility of down turn as well. So, I initiated a short position on Safeway Inc with a stop loss at 23. I am also currently holding 3 short position in total which is the maximum portfolio risk that I am willing to take.
I shall be looking at closing the short position if it can meet my profit target in the next few days or so. Money into my pocket is the real win, otherwise, paper win is immaterial to me…
Market is still volatile, trade with care and happy making some money…
NYSE Stock Picks - Safeway Inc
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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