This column originally published on Real Money at 12 p.m. ET Tuesday.NEW YORK ( Real Money) -- I am going to repeat what I said on "Fast Money" last night -- but with a bit of a twist. My narrative this morning is intended to show the anatomy of a trade (an Apple ( AAPL) short rental on Monday morning). But first, let's go to the tape! To start I must totally admit that the correct strategy with regard to Apple shares has been simply to own the stock ... and not to trade it from the short side. Long and strong in Apple has been the right investment for many years. The company's remarkable success is undeniable, and, with another 3 million iPads sold last weekend, by all accounts that success is continuing. I didn't see Apple's success coming, so I have been relegated to trading the stock -- from both the long and short side -- during share price dislocations and by interpreting events (e.g., earnings releases, capital market strategy moves, etc.). Having missed Apple's run (and never willing to suck it up and buy), I can occasionally trade the shares or do nothing at all. I have picked the former. So, this morning I'm going to present why and how I approached yesterday's Apple short trading opportunity in premarket trading, why I thought my entry price provided some near-term margin of safety and why I covered most of it in a swoosh lower. Basically I'm laying out my approach, in this instance, in putting on and taking off a short-term rental. One warning: As a practice, shorting one of the most powerful shares that have led the market rally for the last several years (or more) is not typically a good idea except for the most agile trader. And, even for a quick trader, like myself, it might not be a good idea -- there are far easier ways to make profitable trades. In terms of background, as most will recall, on Sunday Apple announced that it would make a long-awaited announcement on its capital strategy. The shares ripped almost $20 a share higher in premarket trading on Monday morning -- ultimately rising to more than $608 a share -- as the anticipation surrounding the release intensified.