I had a trader tell me yesterday I was betting against the crowd and going against the momentum while I was holding my short position in $JRJC. I explained to him how smart money (institutional, hedge funds, banks, syndicate traders, etc) were pushing it up and selling into the run, then going to dump it at the end of the day. The volume activity according to the candles told me what was REALLY going on in the background. +$11,200 later, I'm feeling pretty happy about it. If you want to follow my big board trades as well as penny stock trades as I see good setups, join me and @GreenMachine in chat @ www.socialtrader.me!
Right now I mainly use Suretrader for stocks, but I don't have iBoss setup to import trades, so I do each trade by hand. I use a different broker altogether for forex.
How do you get into forex trading and do you short sell now
i would say 65% short selling at this time, 35% long trades
we talk about forex trading in the chatroom, and the best brokers to use too. I also teach my method which I'm using on stocks and forex, and it requires no indicators.
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