- Yesterday went short given a downgrade in $TIF and $COH ( http://www.marketwatch.com/story/coach-tiffany-others-cut-at-jefferies-2011-01-03?siteid=yhoof2 ) and how these two were behaving; I thought $RL was bound to follow. Ended the day at break-even and almost covered.
-This morning Citigroup upgraded the stock and I thought would short it if up about 2% since that was my guess as to the max. the upgrade was worth. I wrote on my journal "naive averaging? bad risk management?" Well, thankfully I did not listen to my doubts.
-Thoughts : again like in the previous post (http://jpotrading.blogspot.com/2011/01/sbux-good-trade-should-have-been-better.html) a lot of money was left on the table. Again a simple trailing stop would have made it a much more profitable trade. Must work on this. Particularly since COH and TIF were cratering and this was your basic premise to enter the trade in the first place.
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