I started trading this week and constructed my portfolio by longing several stocks including Facebook, AT&T and Best Buy as well as while shorting Apple. At present, I have realized profit from shorting Apple, and I also have some unrealized profits from my long position.
The main reason I decided to short Apple is that it has shown a explicit declining trend during recent months and has lost about one third of its market capitalization compared with its summit. Additionally, stocks ended their worst week this year this Friday after a weaker-than-expected jobs report, which affected Apple obviously. I will still employ this shorting strategy for Apple next week if possible because of its almost constant declining trend. I chose the 3 stocks above-mentioned to long due to their good news of this week and I will make a plan of whether to sell them according to my expectation of their prices.