Planning a Short Trip

Considering that we could see a deeper downside correction in the stock indices, how about a short setup in Expedia (EXPE)? No matter what we look at in the market, we should always define our risk in advance, so we don't end up like a "deer in the headlights." This is why on all my trade scenarios or setups, I like to tell you when I will consider myself wrong on a trade.

I also suggest getting to either a break-even stop when it is possible and seems reasonable. Beyond that, I recommend using a trailing stop as you go just in case the targets are not met. With that being said, some of my recent buy setups HAVE been stopped out or did not trigger an entry. That's just part of what we do for a living. Not every trade setup is going to play out. Please make sure you protect yourself and truly know what the risks are....307 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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