Being able to identify these patterns is the easy part of short-selling. The more difficult task lies in determining precise entry and exit points, including where and when to take profits. You have to know when to hold ’em and when to fold ’em, so stops are critical, but you also have to know when the stock deals you a new hand by giving you another actionable short-sale entry point even after you may have been stopped out trying to short the stock earlier. This is where the rubber meets the road, so to speak, in the short-selling game, and it is the topic of the next chapter.
- CHAPTER 3: Short-Selling Set-Ups: Chart Patterns for the Dark Side
- from Short-Selling with the O'Neil Disciples: Turn to the Dark Side of Trading
- Publisher: John Wiley & Sons
- Released: April 2015
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