Guys, let's return the discussion to the topic of this thread and please take all the peripheral conversations (and there are many) elsewhere. Thanks.
Yes, I knew a while back some posters had mentioned this, and I replied that aspect was very important in my opinion to this short trade idea. Others ( particularly the op ) seem to never mention this aspect though. Tracking SHAK is fun, reminds me of dot com ipo's. But I still don't have a good feel for who owns it and what percentage is locked down. If someone knows this, please post, I think this thread has tremendous educational value for all of us.
Turns out he had the right idea... sadly, let the h8ers talk him out of a good position... SHAK Bid: 88.65 Ask: 88.87 Last: 88.67 Chg ($): -4.19 Vol: 500,768
Nope, he was short when charts told to be long and out when charts told to take profits and/or be short. Ugly trade. But educational, because you learn what not to do : bad timing average down bad stop loss CM
I'm not a chartist so I can't speak to that. But trading in public tends to result in too many chefs in your kitchen. SHAK Bid: 86.30 Ask: 86.69 Last: 86.58 Chg ($): -6.28 Vol: 761,097
You should. Surf too. I agree, that s why this is a mistake to expose a plan A and not a plan B when you want to "trade in public". It s never a "one-way" game. CM
I will be able to show you all the good entry and exit points one year from now using the chart. All my trades will be profitable.