MSFT Trending Trade

This is the kind of trade that makes money, this is the kind of trade we hope all of our trades will behave like.  This is the kind of trade that you add to on strength.

 Look at the tight linear regression channel, this is a beautiful-TEXTBOOK trend.

 We have some strength today, this is where I'd be adding to the trade. See my article at Trade-Guild.net on How to make more then 100% on a short trade

 We're seeing a little distribution, although we may have a day or two higher, I'd still be adding incrementally to the trade. THIS IS THE BIGGEST EMOTIONAL BASED MISCONCEPTION IN TRADING and Wall Street has propagated the idea for decades so they can keep your money and keep you spending on commissions. The "Dollar Cost Averaging Concept" is 100% wrong, you are throwing good money after bad. If you are going to add to a trade, it should always be a trade that is working for you. If you were in a hole, would you keep digging? That's what Wall Street's dollar cost averaging is. Instead, add to trades that are working.

Here's the trend channel stop. I'd also keep an eye on an ADX indicator which is showing a strong trend reading now. If it were to turn down, then I'd consider taking some profits off the table. By the way, as long as MSFT stays in the channel like this, it's still a viable trade.