Long MEA @ 13.048. Stop @ 12.8

Holding(short): ITRI

Sold Short 35 DECK at 114.00. Stop @ 118.84
Sold Short 43 ITRI at 81.04. Stop @ 85.2
Sold Short 33 MON at 106.18. Stop @ 110.7
Sold Short 50 AGU at 60.85. Stop @ 63.88


I think my DECK trade was impulsive(after-the fact unfortunately) but ill keep it open with the tight stop.

I originally wasn't sure about shorting MON & AGU chemical bros but having a look at the chart again I noticed that they have both barely managed to climb above the 50-dma. Last time AGU struggled to climb the 50-dma it saw selling down to the 200-dma where it reversed. Now they are both %30-40 above the 200-dma.

Another reason behind my decision to short both is the short ratios.
AGU: 0.3 days to cover.
MON: 0.9 day to cover.


Added note:
Two days ago I wanted to go long SDTH and ILMN. Without getting caught in the mania of the open I thought it over and decided against. Both would be impulsive trades with more going against them then going for.

Tight stop losses :D

I would call it more luck than strategy, but your stop losses make the difference when playing the short side.














Going to be sidelining from here, some light longs I may take given continued upside momentum.

Holding: %100 cash.