I need to share this.....

AnonymousTrader · Nov 25, 2003

Quote from rodden:

OK. You know yourself better than I.

I know from my own experience that daytrading short a rising stock is no less intelligent than going long; the trick ( that works for me ) is to wait for the days that the high for the day is likely to occur on or shortly after the open. Profit-taking is an inevitability - very little else is.

Also, for the both-ways daytrader, with massively liquid stocks like MSFT, out-of-left-field decimating gaps are more likely to occur on the downside than the up. If you're going to take a gigantic position and can monitor it closely, it makes more sense to go short than long.

I assume you monitor your stocks closely; if so, your trade wasn't stupid - it was just big. After all, in this environment, no matter what you do with your money, you're gambling.

P.S. I bet the farm shorting TXN @ 29.67 avg. this morning; so far it looks good. Got my stops in.
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So far looks good!!!
Good luck - wish u the best

Bartosz @ REGAL · Dec 7, 2003

[/inner voice] ..problem set 3, problem set 3.. [/end inner voice]

Kronos Req · Dec 8, 2003

So....

If his inner voice told him to sell the car, how did he drive down to Atlantic City?

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I need to share this.....

AnonymousTrader

Bartosz @ REGAL

Kronos Req