I'm buying calls

Discussion in 'Journals' started by stock_trad3r, Jan 21, 2009.

  1. plugger

    plugger


    Keep it coming. I'm riding your coattails. (fingers crossed)
     
    #61     Jan 27, 2009
  2. plugger

    plugger

    Hey Stock, I plan on cashing out on these calls at the same time you do so please post accordingly. I will also allocate some money to GOOG and RIMM (i'm leaving AAPL alone for now) but was wondering what to do with the rest. I followed you into these stocks last year:

    MOS
    V
    BIDU
    RIMM
    AAPL
    CLR
    PCX
    CLF

    and am down quite a bit. Are you averaging down on these or have you moved on? Any thoughts?
     
    #62     Jan 27, 2009
  3. If anyone bought those stocks tough shit. I lost money, too. Not much more say.

    If this goes according to plan I'll recover all the gains I would have had IF I sold in July/August. That is the goal. To recoup paper profits and recover from the MOS loss from not selling at $150 last year when I SHOULD have.

    Futures are holding up very well

    these gains won't be erased so easily thats for sure.

    Dow 8,178.00 85.00 1.05
    S&P 500 851.10 11.90 1.42
    NASDAQ 100 1,202.00 16.25 1.3
     
    #63     Jan 27, 2009
  4. how much did you lose?
    You will make 6K on your BIG trade..
    how much did you lose buying those POS stocks being a perma bull idiot?
     
    #64     Jan 27, 2009
  5. plugger

    plugger


    Hey Stock, no reason to be rude (the 'tough shit' comment wasn't necessary, I'm only asking). Anyways, I think our entry points were different since I'm down quite a bit on these stocks (and I'm not even talking about missing the high in August) since I bought them (although I thought my entry couldn't have been much different from yours since the stocks hadn't traded much lower prior to your post).

    Anyhow, keep up the good work. Hoping to get back to even by summer or at the latest the end of the year. Like I said, please keep the posts coming.
     
    #65     Jan 27, 2009
  6. No more laughing about "all the putz that bought puts"???

    You will no go through the hard lesson of learning that its much harder to gain 100% just in order to get back to break even after letting a 10% loss become a 50% loss.

    10% loss = 11% gain needed
    50% loss = 100% gain needed
    80% loss = 400% gain needed
     
    #66     Jan 27, 2009
  7. plugger

    plugger

    If it's any help Poh, I was down over 70% at one point (no leverage thank goodness. I was going to bet the farm when he first posted the list, but even the best traders slip up once in a while.) Since my entry must have been pretty close to stocktrad3r's entry, I gotta think he felt the same level of heat. Still down over 40% on the list, but hoping some more stocktrad3r tips will right the ship. Cheers!
     
    #67     Jan 27, 2009
  8. Sorry for the rudeness. The pain is mutual.

    I fell for the $200 oil hype and the 'global food shortage' that was suppose to entail limitless upside for commodities and commodity related stocks.
     
    #68     Jan 27, 2009
  9. Dow 8,215.00 122.00 1.51
    S&P 500 854.00 14.80 1.76
    NASDAQ 100 1,204.75 19.00 1.60

    My spy 85 calls will be met easily and the 90 ones are gonna surge big time @ the open. This fucking sweet. Glad I didn't sell last Friday. Maybe the markets will surge 4% or more tommorow. First time doing this, too. No risk management here. No hedging. No stops. Go hard or go home, losers.
     
    #69     Jan 27, 2009
  10. l2tradr

    l2tradr

    It worked well for your previous index that you're down about 70%, why change a winning strategy? Werd....
     
    #70     Jan 27, 2009