I don’t usually short stocks…

4 hari yang lalu

But SMCI looks like a good bet to see much much lower pricing. I’m not going crazy but I’m planning on starting small short (1-2% of the account) and plan to up it to 3-4 if it looks favorable. I will have lots of time on this as it may take awhile to play out (3-6 months). The levels are clearly marked, red resistance / green support. I will short once momentum show signs of reversing. I will wait for a weekly red candle stick.

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Since this seems to be confusing for some. When i say i'm going to wait for weekly red candle stick, this means when the weekly candle closes and is red, then i'll consider shorting. To short into monster momentum is very very reckless and a good way to lose a lot of money. Also on higher time frames (which is what i mostly look at), there are many smaller moves in smaller time frames that need to play out.