Registered: May 2008
08-29-12 09:04 PM
Quote from lwlee:
What's the story on BPT? It's been getting slaughtered last 5 days.
Going short has been easy money.
Trading in the direction of a strong trend always looks easy after the fact, but 95% of aspiring traders are incapable of doing it.
If you get burned enough times as an inexperienced counter-trend trader (me), you either give up or you decide you want to be on the other side of your awful losses (me). I'm a total convert. A couple years ago if I saw BPT hit the lo ticker like it did today, I'd be looking to buy it for a bounce. Now I see that and it's an instant sell.