My First Short - by Lino R

[ Lino R is a SpikeTrade Member in Brazil.  I met him during a SpikeTrade meeting in San Paulo where I encouraged everyone to learn to sell short.  You do not have to be an active short-seller, but you should be comfortable with the technique.  Earlier this week, Lino presented his first short at the latest Spiketrade meeting of the San Paulo group - Alex ]

Here's the 3 min. graphic of my first 2 IBOVESPA mini trades with basic comments.

a - These trades were in fact a way to test the complete trading process (e.g., tools, broker and legal requirements). I had an example of this when I exited the first trade (B1) due to an operational error. Then I re-entered (S2). The trade was exited on a tight stop (B2).

b - The basic signals for entering the trade were: (1) The market would probably close the early day gap up; (2) Shallow MACD; (3) Volume.

c - I could not include here the 15 min. graphic due to some (still unknown) technical reason.
Best regards

Lino R.