MHO update

MHO

I did not follow my plan to close my short positions, which is not good.  My thought is that the stock is rising on thin volume suggesting that this is only a counter trend.  Therefore I want to give my trade more room.  I moved my stop to 20.55, just above the high 2 sessions ago.

Execution of the trade is not good as I have risked too much by setting a too tight stop.  Next time I should set a recent high as my stop.  I could find a similar situation in FB where following a heavy volume red candle penetrating 9-ema, it could test even a previous high.

Lesson learnt: don't be too aggressive if the short-medium trend lines are still trending up.