Today's Trade

Today I entered short on RUT right near the climax inside the "Kiss of Death" target, I was stopped out during the "Fake-Out" move but quickily re-entered short at the nice climax.  Then I covered around 1:40pm and was not quick enough to short again.  My position was small but sizable since I used the TZA 3X ETF instrument.

Fake-Outs & "Kiss of Death" ...

All of the cases are bearish, and in most cases the 5-min MACD is either sloping negatively or it is below zero.  Often it is after a "Fake-Out", so should we have a wider stop-loss so that the "Fake-Out" does not fake us out?  It is probably not the best way, because it is not really predictable to know how far should the stop-loss be placed in ordered not to be a victim of the "Fake-Out".  What I might do is, let the regular stop-loss trigger if hit.  Then pay attention to see if the next move is back to the original direction and enter back if it is reversing down.