A wild day in the markets today as it was a sea of red in chart land. Everything was crushed so bad today that there isn’t alot of great looking charts out there. Ideally, we gap up in the morning and then look to fade the gap. The great thing about being a momentum daytrader …
We had a great day today in the Bulls chat room shorting recent momentum parabolic movers SBGI,NXST,GST,TVL,MEG. Let’s study SBGI and NXST chart to see how we traded them. Both had huge runs last few days with SBGI going from 20.50 to 27.60 in 3 days! NXST from 16.50 to 22.40. This falls into parabolic …
Read moreTrade review: Shorting Parabolic runners $SBGI,$NXST