Is This Breakout Sustainable?

The market and leading stocks are breaking out after a short consolidation period and overbought readings that are still extreme. Due to the extreme overbought readings, I’m taking a few “speculative” shorts. However, they are done with caution and small positions size.

The idea behind these trades is to expect a small loss. If the trade works, it will be a multiple R gain. It goes to my trading philosophy of small losses and multiple R gains.


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