ALKS - INSIDERS SHORT sign + SPY WEAKNESS
Hi traders,
I am going to share yesterday's trade with you, that we opened in our accounts. It was a SHORT in a market that is in a pretty nice downtrend.
You will probably have a question - Why do you open short trade in this falling market?
Because INSIDERS increase their SHORT positions - and that´s a SHORT sign! Trading with them is much easier than against them.
In the video, I focus on the volume profile too, and how to use
SPY for the confirmation.
Trade parameters (
ALKS):
Direction: Short
Entry: 15.90
Stop-loss: 18.44
Profit target: 10.79
Good trading!
Jakub
FINEIGHT
I am going to share yesterday's trade with you, that we opened in our accounts. It was a SHORT in a market that is in a pretty nice downtrend.
You will probably have a question - Why do you open short trade in this falling market?
Because INSIDERS increase their SHORT positions - and that´s a SHORT sign! Trading with them is much easier than against them.
In the video, I focus on the volume profile too, and how to use
SPY for the confirmation.Trade parameters (
ALKS):Direction: Short
Entry: 15.90
Stop-loss: 18.44
Profit target: 10.79
Good trading!
Jakub
FINEIGHT
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