Lost 800 bucks today fighting the tape.

Discussion in 'Trading' started by KINGOFSHORTS, Sep 10, 2009.

  1. NEVER fight the tape!

    I fought it like a fisherman trying to get that dolphin.

    Oh well, At least I have a short term loss :)

    Anyhow onward for friday.

    The loss could have easily become a 15-20K loss If I kept fighting :)
  2. Those who are sitting in cash and not long, also lost - to buy and holders.
  3. There are great ways to prevent this. Try not focusing on price so much and focus on price in relation to time.
  4. Please elaborate.
  5. Friday is generally not a good trading day (at least imho).

    for one, there is an options expiration on 1 friday each month.

    Did an analysis a while back and found more Fridays down than up.

    I always remind myself ahead of time and even take the day off.

    Your experience may be different.
  6. I sure hope athlonmank8 meant something less [insert favorite adjective] by "price in relation to time".
  7. His post was from Thursday.