Morning Traders April 5, page-182

I would day trade it if it were trending up, which it has not done since the uptrend was broken on 29th march. I'm happy to trade with 20k shares in a stock such as RGI, it moves fast. What's the point in holding from high 40s down to mid 30s when there is a clear downtrend? sell and buy back your (shortterm position) at a lower price. that's how I work anyway.

If it double bottoms at 35c, I would place a pilot buy with a stop around 33c, and then buy more if/when it broke 40c. Until then, it's still is a downtrend.