SPRD short trade from 6/16/2011 | Bulls on Wall Street

SPRD short trade from 6/16/2011

This is a video on Thursday 6/16 on SPRD.  This is an example of a breakdown trade.  this is the simplest type of short trade you can do as the risk is very low (as your stop is going to be pretty close to the buy price) and the mechanics are fairly easy to pick up.  We netted on this trade 50 cents on a 13 dollar stock in a matter of 20 minutes.  I love plays like this you get in and you get out and collect your money

 

Today we did a similiar trade in the stock with similiar mechanics..I will get a video up for that too.

 

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