This morning as I was running through my trend following screener, I found Harley Davidson. What I saw was not good. After reporting an extremely disappointing earnings seasons, HOG started its downfall yesterday. It's interesting because for the first time I'm shorting a company that emotionally I like. This is a good learning lesson. It is helping me remove emotions completely from my trading, and I like that. On the weekly chart, this weeks candlestick bar is trending lower than the 200 MA.
I wouldn't be surprised to see some pullback from this selloff, however the earnings are indeed that badly, and on a macro perspective, I have a feeling many companies will fall the way of HOG in terms of earnings reports, but that is for a longer idea back on my website.
I entered at 55.80 and put a stop at 56. Yes its super tight, but due to my emotions before the trade, I wanted to trim my stops and I only used 0.5% of my trading capital on this trade. Trying to learn when to pare back due to emotions before the trade.
All the best,
RC
I wouldn't be surprised to see some pullback from this selloff, however the earnings are indeed that badly, and on a macro perspective, I have a feeling many companies will fall the way of HOG in terms of earnings reports, but that is for a longer idea back on my website.
I entered at 55.80 and put a stop at 56. Yes its super tight, but due to my emotions before the trade, I wanted to trim my stops and I only used 0.5% of my trading capital on this trade. Trying to learn when to pare back due to emotions before the trade.
All the best,
RC
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.