I don't really like admitting some of the most spectacular failures were usually pretending to have a position on when they were really sociopaths intent on appearing correct with their paper trades.
its insane to short a stock at its high i don't care what stock it is and you shorted a 620 to boot. a 5% move is 30 points and you made a thread to brag about it. i think repetition is knowledge in trading so age might have wisdom. you could have got a really nice hooker for that money haha but i also feel this stock is overpriced too.
There's only one way to escape et, hope you ate your wheaties! http://www.youtube.com/watch?v=mCVdVocHe18
Uncle Ho, I wish you well and hope you can learn from your bad trades, so as not to repeat your mistakes. If you want to make steady money in the Market (rather than having roller coaster gambling thrills), follow these simple time tested rules: 1. Go LONG during Uptrends - only buying dips and/or breakouts 2. DON'T try to call tops by selling rallies short - you might get lucky now and then, but eventually you will lose your money.
anyone who brags about 40% gains in an option is for sure a long term loser. You can make 200% in 5 minutes on options. And wouldn't even brag about that. Betting the winner in a race at the Big A can get you 2000% in a minute and 10 seconds.
Here is your moment of truth on the AAPL short. If AAPL holds 600 while the market dips, you're screwed. It is at 619 as I type, and the S&P is below 1400 and trading at lows. Be careful shorting AAPL. AAPL will top eventually. I've been weary of buying AAPL for a long time because it doesn't pull back enough. People buying dips are getting rich. Now, I find myself saying, just go buy the dip, it seems safe. I am turning, which means others are turning, which means smart money is getting ready to dish on one of the upcoming explosions. Or maybe they won't, maybe it will just keep going. AAPL 1000. AAPL has more market share to take, and can raise the dividend. People who are in from 300 and below have no reason to sell yet. They have a great price, in a great company, which is now going to pay them to sit in the stock. AAPL 600, the new floor?
Pro traders don't wait for pullbacks. I use to wait for pullbacks when I traded like a retail trader.