here is why people got killed in AAPL

Discussion in 'Trading' started by NY_HOOD, Jul 25, 2007.

  1. you shorted before the close and saw the lowered guidence and a stock halt and you thought you had at least 10 points in your pocket. it barely goes down and shoots straight up very quickly. you wind up covering or thinking it has to pull back and take more of a hit. you go lon into earnings and see they lowered and then you see that its halted. you are in a panic so when it opens down a buck you take the quick loss thinking it should have been much worse. then it rallies 10 points and you want to shoot yourself. ctext book catch 22 for traders. best thing to do is NEVER hold into earnings. you'll get killed 80% of the time.
     
  2. you got killed if you went short and didn't cover :D
     
  3. notouch

    notouch

    Hard day at work was it NY HOOD?
     
  4. NO BRO,HAD A GREAT DAY. just pointing out to some of these newer guys why buying or shorting into earnings is a bad idea.