Two Short Positions in GPS & HTH

Today I finally jumped back into the market on the short side with two new positions in Gap (GPS) and Hilltop Holdings (HTH) - a clothing retailer and an insurance company respectively. The plan going forward is to gradually scale my portfolio into a good number of short positions, by adding a new position or two each day as conditions merit. There are still a great number of short setups still out there that I'd like to get in, but am choosing to be patient with in my entry into those stocks. ideally, I would have been better off had I waited until this afternoon to jump into these two new positions (hindsight 20/20); as it stands now I am down just a bit in each of these stocks.

However, I was justified in getting into them when I did because I was comfortable with the risk/reward setup that I had in place, the market rallied enought to get us out of oversold conditions, and didn't want to be too hesitant in pulling the trigger, when the opportunity was right there in front of me to capitalize on.

From here on out, I will use any market strength to add new short positions to my portfolio until proven otherwise.

Here are the charts on my two short positions.